Attracting and retaining key employees is an essential part of growing a successful business but this can often prove a challenging area for entrepreneurial companies. Using share based incentives to compliment a larger remuneration package allows the employees to share in the capital growth of the business by aligning their interests with the other business owner, be that focusing on the growth strategy or driving the company towards an exit.
A result of recent economic challenges in the upstream sector has created a new wave of opportunity and optimism in the North Sea. An increasing trend is becoming apparent where entrepreneurial smaller businesses are strategically acquiring assets or companies that are no longer deemed as core to business by their incumbent owners. These owners are often larger organisations with their focus increasingly in other international basins.