Enterprise Management Incentive (EMI) Schemes

“The EMI scheme has been a valuable tool for our company […]. We implemented it primarily to retain employees in whom we invest considerable training, and where strong relationships are key to our business success.

In terms of ease of implementation, the process itself was complicated, but thankfully the team at Farringford Legal were incredibly knowledgeable and supportive. They guided us through the entire process seamlessly, making it much smoother than we initially anticipated.

One of the biggest advantages we’ve seen so far is the increased incentive for our employees. We believe this will not only boost employee retention but also make us a more attractive employer to new talent who appreciate being part of a company that recognises the value they bring.”

“I chose the EMI scheme because it was by far the best way for us to effectively reward and incentivise key staff members for past work and future work, in a tax efficient way. 

I love the scheme because it engenders a great sense of ownership for our key people as they help us grow, but at the same protects the business in case of departure. 

Farringford Legal were exceptional because they blended advisory with  very speedy execution and the scheme was established in less than a month. It was also extremely cost effective to do. 

I wholeheartedly recommend both the scheme and Farringford for a great job.”

“Our motivation for doing this was to incentivise senior members of the team. We had two minority shareholders that had been operating as if they were founder members of the business and we wanted to recognise that. In this situation, it was quite a functional driver in the sense of being a route to greater value share in the business. It was about creating a more direct link between contribution to success and ultimate reward.

"However, I also know that there is a powerful emotional reward from feeling you own part of a business, even if that amount is small. This is something we are currently considering in terms of other team members.”