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Communications consultancy Camargue transitions to employee ownership

9 November 2022
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Cheltenham-based digital communications consultancy Camargue has become an employee-owned trust, in a deal brokered by the corporate team at law firm Harrison Clark Rickerbys and Hazlewoods accountants and business advisers.

The teams, led by Tim Ward (HCR) and Tom Woodcock (Hazlewoods) respectively, worked to help the Cheltenham-based agency transition seamlessly to employee ownership - one of the most famous examples of which is the John Lewis Partnership.

Such trusts allow each and every employee to have both a financial stake in the business and a voice when it comes to how their company is run – giving them greater freedom when making decisions about their future. Six new directors have been appointed, with Director Ben Copithorne becoming Managing Director in the New Year.

Camargue’s current managing director Jo Lloyd, who will shortly assume the role of chair, said: “Throughout our journey to becoming employee-owned, Harrison Clark Rickerbys and Hazlewoods provided superb technical support across all the legal, financial and fiscal elements of what we were doing. They were also excellent sounding boards and advisors on the hugely important cultural and human aspects of employee ownership.”

HCR’s head of corporate in Cheltenham, Tim Ward, said: “In such uncertain times, this is truly a good news story. Employees are at the heart of every business – having the chance to make a real difference to their own futures as well as that of the business they work for cannot be underestimated. Being part of a new chapter in Camargue’s story is really heartening. I wish them the very best for the future.”

Tom Woodcock, Hazlewoods partner, added: “Employee-owned businesses are reportedly the fastest growing form of business ownership in the UK despite the model still being relatively unknown. Employee ownership can be a great model for a variety of reasons, including those looking for fast-paced growth, and we look forward to seeing Camargue flourish under their new structure.”


Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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