CHCP at number 9 in Employee Ownership Top 50 2022 report
24 June, 2022
City Health Care Partnership CIC is thrilled to announce that they feature in the Employee Ownership Top 50 Report as one of the fifty largest employee-owned companies in the UK, ranking at number 9 in the list.
CHCP has moved up from number 10 and continues to grow and thrive as a business, delivering high quality health and care services to people in Hull, the East Riding of Yorkshire, Knowsley and St Helens.
As part of the Top 50, the business contributes to the positive performance of the top end of the employee ownership sector, with a combined sales value of £21.7bn and combined employees of more than 181,000.
The Top 50 list, complied by RM2 in partnership with the EOA, covers independent UK-registered companies that are at least 25% owned by their employees on a broad basis and UK subsidiaries of non-UK companies that are more than 75% employee owned.
The 2022 report shows the highest movers as Mott MacDonald from third to second place and Howden Group in fifth position behind regular table leaders Arup, and John Lewis Partnership. New to the Top 50 are Foster + Partners Group Ltd, Buckingham Group Contracting Limited, Independence Matters CIC and Go Ape.
The top findings from the report include:
- Combined sales £21.7bn up 2.5%/ up 1.3% like-for-like
- Combine employees 181,324 up 0.5%/ down 0.02% like-for-like
- 60% of Top 50 reported increased sales
- Increase in productivity** median 5.2%/ Like for like 9.4% (5.2% is twice as productive as UK average of 2.6%)
- Wage increase, year on year, 7.8%, 5% Like for Like
Andrew Burnell, Group Chief Executive of CHCP, said, “We have been employee owned since the company was formed 12 years ago and it’s a vital part of who we are. Our colleagues are our shareholders and their £1 share gives them a voice and a say in the direction of the organisation; as we say, it’s everybody’s business and their contribution is crucial to our continued success.
“We are absolutely delighted to be the ninth largest employee-owned company in the UK and it’s a testament to our committed and compassionate colleagues that we continue to grow and thrive.”
There are now more than 1,000 businesses that are employee owned in the UK - a sector that contributes over £30bn to UK GDP.
James de le Vingne, Chief Executive of the EOA, said: “We consistently see the employee owned Top 50 outperform the rest of the UK economy when it comes to productivity.
“There is a lot that can be learned from these businesses when it comes to having better governance and oversight and better performance driven by engaged employees. Combined with the recent growth in the sector, employee ownership is proving its relevance as a model fit for unlocking the potential of people, businesses, and the economy.”
To view the full Employee Ownership Top 50 list, please visit:
Employee-Ownership-Top-50-2022-Table.pdf (employeeownership.co.uk)
* “Like-for-like” means that we compare each of the fifty companies on this year’s list against its own prior year results only if it appeared on last year’s list. This is to avoid new entrants distorting the comparisons.
** Productivity is defined as value added per employee. Value added is defined as operating profit plus wages.
