GLIDE is an employee owned company that represents all the shareholder members who work in its partner companies. The letters of GLIDE are an acronym of: Growth Led Innovation Driven Employee Company Limited.
This definition embodies the main attributes of the people who work in our company. Any shareholder in any investee company is automatically a member of GLIDE. Irrespective of how many shares a member has, it is one member, one vote, on GLIDE matters.
THE GLIDE ETHOS
As shareholders, each one of us has a vested interest in contributing to the process of driving through growth and promoting innovation in all areas of the business. Everyone has the right to express their opinions in a responsible and constructive manner. Likewise, we all have a duty to listen to and explore the validity of those opinions.
“We aspire to work in a challenging, innovative world class business infused with fairness, respect, learning and fun.”
The beginnings of GLIDE…
In the summer of 2011, GLIDE was formed. All shareholders are members of GLIDE which is a private company limited by guarantee. This means that it has been set up, for example, on the same basis as a sports club, where the individual shareholder’s liability is limited to £1.
Since the mid 1990’s, Hugh Facey, the founder and executive company chairman of Gripple Limited and Loadhog Limited, has been examining ways to pass on his legacy to subsequent generations of employees. In establishing GLIDE, many considerations had to be taken into account, not least the culture and how to instil our inherent values into everyone that works in the company both now and in the future. Promoting new product development and experimentation in new processes represent key elements of the innovation process.
Hugh Facey, and subsequently Roger Hall, vice chairman of Gripple Ltd and Loadhog Ltd, have both decided to make a gift donation of their personal shares to GLIDE. Their respective donations will be gifted annually over a ten year period, ceasing in 2021. These shares become known as ‘permanent shares’ and can never be sold. They will, over time, generate significant revenue from dividends for GLIDE.