Creative agency Clear Marketing has completed its successful employee ownership sale as founder Jim Smith steps down after nearly 20 years.
Clear, which has offices in Manchester and Glasgow, was founded in 2002 and brought forward the planned date of its sale following a successful three years.
The agreement was overseen by the agency’s management team, led by MD Gemma Stirling, Client Services Director Elaine Cunningham, Financial Director Martin Burrill, and Account Director Marie Mellon; and structured by Baxendale.
In 2019, the Employee Ownership Trust took a majority stake in Clear Marketing, with Smith becoming Executive Chairman at the time. Following today’s announcement, employees now have 100% equity of the overall business.
Jim Smith said: “Following a strategic review of the business in 2008 we, the Directors, knew it would never be in the interest of the employees and our long-standing clients for me to hand over the business to another agency or investor.