City Health Care Partnership CIC is lucky number 13
09 July, 2014
The Employee Ownership Association (EOA), the voice of employee owned businesses in the UK, published compelling new data on the contribution that employee owned businesses make to the UK economy on 4 July, Employee Ownership Day.
Compiled by Capital Strategies, The Employee Ownership Top 50 illustrates the performance of the largest 50 employee owned companies in the UK. Local health care provider City Health Care Partnership CIC (CHCP CIC) is number 13 in this list, which includes companies such as John Lewis and Unipart.
Speaking at the launch of the report EOA Chief Executive Iain Hasdell said, “Employee ownership contributes some £30bn to UK GDP each year and is a growing economic force. The statistics we have published today provide further evidence that employee owned businesses outperform those that are externally owned. With 4.5% year on year productivity increases and 25% annual increases in profits employee owned businesses really are at the forefront of driving economic growth in the UK.”
CHCP CIC’s chief executive Andrew Burnell said, “It’s great to see that employee owned businesses are making such a big contribution to the national economy. As the 13th largest ‘mutual’ in the UK, CHCP CIC is also boosting the local economy, making the Hull pound work harder and reinvesting our profits into our staff, our services and our communities.”
