A 75% stake in Aardman Studios is being transferred to employee ownership. This will be through an employee ownership trust that holds the shares in perpetuity for the benefit of all employees.

Everyone who works for the company (including freelancers) for at least 3 months in a financial year will be entitled to a dividend payment, and the workers will participate in management decisions through a representative council.

I wondered where the money came from to buy out the current owners’ share, and it seems the company has been building up cash reserves over years to allow this to happen — it’s a wonderful recognition of the company’s workforce, and prevents it being bought and destroyed by huge conglomerates. Excellent!