Dafydd Hardy Becomes the First Estate Agent in Wales to Introduce an Employee Ownership Trust

Dafydd Hardy Estate Agent has announced they have become the first estate agent in Wales, and possibly the largest in the UK, to introduce an Employee Ownership Trust (EOT).

EOT is an initiative that shifts ownership of the business to its employees. This innovative move empowers employees and ensures that the future of the company remains in the hands of those who contribute to its success every day and the local communities they serve.

The decision to transition into an EOT reflects a commitment to the people who have played a vital role in building Dafydd Hardy into the trusted and successful business it is today. By establishing an EOT, they aim to create a more inclusive, collaborative environment where employees have a say in the company’s performance and growth. Both Dafydd Hardy and Richard Thomas (former owners) will remain in the business but now as employees. They will be working with the teams to continue to deliver the award-winning service that customers have come to expect from Dafydd Hardy, and support the business for many years to come.

What is an EOT?

An Employee Ownership Trust allows for the majority shareholding of the business to be transferred to employees, giving them collective ownership. This model has been gaining popularity across the UK as a way to reward and motivate employees, foster a sense of community, and ensure long-term business stability. As the first estate agent in Wales to adopt this model, Dafydd Hardy is setting a precedent for innovation in the sector.

Dafydd Hardy said: “Our employees have always been at the heart of our success, and this move to an Employee Ownership Trust recognises their hard work and gives everyone an opportunity to further develop the business whilst retaining its unique Welsh culture and independence and delivering exceptional service to our clients. I am truly excited for the future of the brand and our partners.”

Richard Thomas said: “I am proud that Dafydd Hardy Estate Agents is becoming an EOT and will remain an independent trusted company in the property sector. It will provide opportunities for current and future staff as it grows and develops further within the local community.”

“Clients can expect the same high level of personal care and attention that has been the hallmark of our agency for years. Having won the ‘AllAgents’ Best Overall Agent in Wales from customer reviews for 8 years, and the EA Masters gold for the past 3 years putting Dafydd Hardy in the top 5% of UK agents. The EOT will only enhance the service, as employees are now even more invested in delivering outstanding results for every property they manage or sell. We believe this transition will further strengthen our relationships with clients, knowing that they are dealing with a team of owners who are committed to the long-term success of the business.

“Looking Ahead The introduction of the Employee Ownership Trust represents our unwavering dedication to creating a sustainable and prosperous future for both our employees and clients. It will ensure the business too remains part of the local community for many years to come. The business still has plans to continue to grow, evolve, and develop, but now with a new ownership structure. We are excited to be at the forefront of this movement in Wales and to continue setting industry standards while empowering our team.”