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Bluefruit Software embraces employee ownership

Cornwall’s fastest growing tech company Bluefruit Software is hoping to preserve the culture that has seen its turnover double in the last two years by transferring 51% of the business into an Employee Ownership Trust.

As part of the transition, every member of staff who has been with the software developer for more than three months received a tax-free bonus of up to £1,200. Two non-director trustees have been elected to represent the interests of staff at board level.

Bluefruit Software saw revenue growth of 50% in the year to April 2019 and is on target to reach a turnover of more than £5 million and a headcount of 85 in 2020.

Director Caitlin Gould says employee ownership is an extension of Bluefruit’s people-first policy reflected in the company’s strict policy against working overtime and its provision of weekly yoga classes, free gym membership and six weeks’ paternity leave.

She said: “We’ve cultivated a unique work environment which supports our employees and gives them the space they need to thrive. We have an employee turnover rate of 4%; the tech industry average is 23%.”

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