Watson’s ownership within the same family extends to over two centuries and can be traced back to Georgian times. The pioneering attitude and adaptability that ensured Watson’s success over the last 200 years has evolved further and in 2014, John Watson’s vision of a successful business powered by its people and its principles became a reality, making history at the same time.
Watson is the first and only managing agent in the UK to transition to employee ownership (with a structure akin to companies like John Lewis) and has boldly put it’s Employee Partners at the centre of everything it does. Watson is a different sort of company, owned by Partners dedicated to serving customers with passion and diligence.
Every single staff member is a partner in the business and is therefore uniquely integrated into the firm and motivated to deliver the very best service possible. Employee Partners share in the success, benefits and profits of their business on an equitable basis. As such, Watson’s clients enjoy absolute certainty that they are employing a highly motivated team that have a deeply seated urge to deliver the best possible service.
The ownership structure also offers great re-assurance in economically turbulent times that the company is highly secure. Our corporate structure includes a governance system carefully set out in our constitution. This constitution facilitates commercial sense and entrepreneurial flair allowing us to move quickly to stay ahead in a competitive industry and also provides a democratic structure that genuinely gives every Partner a voice in the business they co-own. In addition it prescribes that the company may never be sold for profit guaranteeing that there will be no sudden changes of ownership in the future.
With a low turnover of highly motivated and content staff and the underlying guarantee that ownership of the firm will never change hands, Watson offers the greatest reassurances that high service standards will remain in place long-term.
Watson is one of a growing number of businesses with an employee-owned structure and is a member of the Employee Ownership Association (EOA), the not-for-profit membership body representing the sector.