Dains provides financial forecasting services on the sale of shares to the employees of Arctic Cabins, via an EOT
The Dains Corporate Finance team has recently advised the shareholders of Arctic Cabins Limited on their transition to becoming employee owned, via an Employee Ownership Trust (EOT).
Arctic Cabins has provided homes, businesses, and national parks with bespoke Scandinavian-inspired Garden rooms & BBQ cabins for over twenty years. Following the surge in demand for wooden cabins and garden rooms following the COVID-19 pandemic, the demand for Arctic Cabins’ products remains high. Products are manufactured in Derbyshire by skilled carpenters and craftspeople. The transition to an EOT is a solution which protects staff jobs and helps to retain and reward highly skilled employees.
Dains provided support to the shareholders by valuing the business, preparing financial forecasts, offering tax advice relating to the structuring of the EOT, and overall project management.