Hebridean Jewellery sparkles since it became employee owned safeguarding local jobs and the company’s legacy

Co-operative Development Scotland (CDS) and Hebridean Jewellery hosted a special event on Friday, 13 April in the United Nations-led International Year of Co-operatives 2012.

Established in 1974 in Iochdar on the Isle of South Uist in the Outer Hebrides, Hebridean Jewellery are manufacturers of silver and gold jewellery from the Pictish and Celtic periods through to the new millennium range.

The company founder John Hart was determined to protect the legacy of the company he built up by hand for 35 years. He and his team of expert craftsmen have reaped the benefits since the business became employee owned in July 2011.

The deal secured the future of the company, around 14 jobs and important design and manufacturing skills in the Outer Hebrides of Scotland. The employee-owners now plan to grow the business by significantly increasing internet sales, in particular to the US.

The event was attended by Alasdair Allan MSP for the Western Isles and by Sarah Deas, chief executive, Co-operative Development Scotland (CDS). They met with employees from Hebridean Jewellery and heard how workers in the firm have now become stakeholders.

Sarah Deas, chief executive of Co-operative Development Scotland (CDS), said: “Hebridean Jewellery has shone since it became employee owned and has become more productive. This is a business model that can also safeguard jobs in local communities.

“It has been a real delight to hear first hand how employees can become masters of their own destinies. There is more interest across Scotland in employee ownership with a growing number of companies now adopting this business model. We encourage more business owners to consider this exit option.”

John Hart, founder of Hebridean Jewellery, said: “After 35 years we were ready for retirement; however we wanted to see the company sustained in the local community and to continue prospering. We are delighted that the business is now owned by our former employees as it could not be in better hands.

“We’ve had great support along the way from CDS, Baxi Partnership and Highlands and Islands Enterprise. This business model is good for the owners, good for the employees and good for local communities.”

Alasdair Allan, MSP for Western Isles, said: “It has been very interesting to hear first-hand from workers at Hebridean Jewellery the benefits of becoming employee owned.

“It is a business model where productivity thrives and it ensures that jobs are secured for the local community. We hope that other companies in the Western Isles, and Scotland as a whole, will consider the employee owned business model.”

Notes to editors

For further information & images please contact:

Ed Black Tel: 0141 333 0557 / 07770 886908 / eblack@webershandwick.com
Bill Ranatunga Tel: 0141 333 0557 / 07770 886222 /
branatunga@webershandwick.com

About CDS

Co-operative Development Scotland (CDS) is a Scottish Enterprise subsidiary. Established in 2006, it helps companies grow by setting up consortium or employee-owned businesses. It works in partnership with Highlands and Islands Enterprise.

Employee-owned businesses put employees at the heart of their company. An employee owned business is one in which the employees hold the majority of the shares either directly or through an employee benefit trust. John Lewis is the most famous employee owned company in the UK.

2012 has also been declared by the United Nations as the International Year of Co-operatives (IYC). First Minister Alex Salmond has launched CDS’s Collaboration Prize to mark the Scottish launch of IYC. A prize fund of £30,000 is available for companies who come up with the best ideas for a consortium co-operative. The closing date for entries is 31 July.

For further information on CDS see www.cdscotland.co.uk or call on 0141 951 3055.

Contact Information

Julia McLaren

Engagement Partner

Scottish Enterprise

0300 013 3223

07801 794046

julia.mclaren@scotent.co.uk