The EOT gives Bain and Gray’s 20-strong employees a stake in the business, affording them a greater say in how the company is run, and entitling them to an annual share of profits.

Founded in 2009 by Emily Bain and Claire Gray, the new structure will see Bain remain as managing director, and Gray as finance director. The company recruits for receptionists, team assistants, office managers, PAs, executive assistants and chiefs of staff roles.

The EOT is intended to maintain and build on Bain and Gray’s “core values of trust, integrity, equity, accountability and inclusion, and is a platform for a sustainable culture based around teamwork”, according to the company.

James de le Vingne, CEO of the Employee Ownership Association, says: “We congratulate Bain and Gray on its evolution to employee ownership, which will safeguard the company’s culture and values. Businesses that give employees a larger say create a common purpose, which leaves them in a better position to adapt and evolve.”

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