Mediascape Celebrate 2-year anniversary of Employee Ownership with 50% turnover increase
At Mediascape, we design, supply, install and maintain integrated Audio-Visual systems throughout Scotland and have been successfully installing audio visual and video conferencing solutions for a wide range of Education and Corporate customers in Scotland for over 17 years.
Mediascape is majority owned by an Employee Ownership Trust, meaning most of the company's shares are held in Trust on behalf of its employees. This Saturday marks our 2-year anniversary of our Employee Ownership transition and we have just had our best year yet, increasing our turnover by over 50%!
Over the last two years, we have delivered many high-profile projects, securing our place as Scotland's leading independent supplier of Audio Visual and Video Conferencing Solutions. We are also the no.1 ranked company on the APUC Education Framework for Audio Visual services to Colleges and Universities in Scotland - a huge recognition of the quality of our work!
Why did we choose employee ownership?
A sale to an Employee Ownership Trust allowed Directors Angus and Shona Knight (who retained 20% ownership of the company to display an on-going commitment to the company) to develop the next generation of managers and the structure of the transaction meant they could phase their exit in a way that suited their personal aspirations, whilst ensuring continuity for the business.
Employee owned companies tend to outperform conventionally structured firms, achieving higher levels of productivity and both happier staff and customers. This stable model of ownership allows everyone in Mediascape to focus on building the company, looking after our clients, and remaining at the forefront of Audio-Visual technology.
We have taken the time to ensure that all employees better understand how the business works, and everyone knows that they stand or fall on getting it right first time for every customer. The team owning the business means that every single employee has a stake in the overall success.
Mediascape Managing Director Angus Knight said:
"The past two years have been a steep learning curve for everyone, but it is so encouraging to see how the Mediascape team have risen to the challenge of ownership. Neither Shona or I are planning an imminent exit, however, we now feel we can take things a bit easier. We know we have a great bunch of people at Mediascape and we are looking ahead, confident that the future of the company we started is in safe hands."
Lianne Ferrie started with the company as an Administrator during its first year of trading in 2004 and has held a number of roles as she has grown and developed within the company. Lianne was appointed to the Board of Directors in 2019. Lianne said:
"Angus and Shona handed us all a tremendous opportunity when they sold Mediascape to the employees. They are big shoes to fill and we're all conscious we owe it to them to make sure Mediascape continues to grow and flourish."
Here's to our 2-year Employee Ownership anniversary and the range of exciting projects to come!
If you would like to get in touch about potential installation for your business, contact us here.