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Admiral Leasing & Loans, the trading name of Oldham-based finance provider Universal Leasing Limited, has reached a significant milestone: the company is now collectively owned by its employees through an Employee Ownership Trust (EOT).

All 37 colleagues across the Oldham and Witney offices now have a meaningful stake in the business, ensuring that every team member can directly contribute to its growth and success. This move not only preserves the company’s culture but also empowers the next generation of talent to shape Admiral’s long-term future.

Strengthening a Commitment to People and Customers

The transition to an EOT reflects Admiral’s enduring commitment to its people, customers, and long-term continuity. Rather than pursuing an open-market sale, this approach ensures the business remains in the hands of the very team that has built it over the years.

Managing Director Simon Stewart said:

“In our 20th year, becoming an Employee Ownership Trust is a significant and positive step for Admiral. It safeguards our culture, protects the values that define us, and ensures our specialist team remains central to every decision we make. It’s good for our people, good for our customers and introducers, and good for the long-term future of the business.”

Sales Director Carol Bolton added:

“The transition to an EOT is a catalyst for our continued growth. It allows us to build even closer relationships with approved vendors and brokers and reinforces our commitment to delivering the reliable service, swift responses, and consistency they expect from Admiral.”

A Focus on Growth, Value, and Innovation

Business Development Director Simon Etheridge commented:

“Employee ownership allows us to focus even more on the opportunities where we excel and deliver real value. It positions us well to broaden our reach while staying true to our mission of supporting SMEs nationwide.”

Meanwhile, Operations Director Steve Worrall, a recent addition to the senior team, noted:

“The EOT structure provides the stability and clarity needed to continue streamlining processes and explore AI-driven tools to boost efficiency and effectiveness. These enhancements will help deliver a smoother, faster, and more seamless experience for every customer we support.”

Preserving Continuity, Culture, and Independence

Chairman Michael Hughes and Finance Director James Frost, who led the strategic review of long-term ownership options, emphasised the benefits of the EOT:

“Rather than pursuing an open-market sale, the EOT preserves the continuity, experience, and specialist knowledge within our dedicated teams in Oldham and Witney. It keeps Admiral independent, protects our culture, and ensures the business remains in the hands of those who have helped build it over the years. This undoubtedly creates the foundation for the next chapter of long-term success and development.”

A New Chapter for Admiral

With the EOT now in place, every employee at Admiral Leasing & Loans has a vested interest in the company’s success. This shared ownership model fosters a collective commitment to delivering results-focused outcomes for customers, introducers, and key external partners, marking the beginning of an exciting new chapter in Admiral’s journey.