First Estate Agents in Wales to Become Employee Owned!

First Estate Agents in Wales to Become Employee Owned!

Published 19th November By Paul Tilbury
minute read

At Dafydd Hardy Estate Agents, we are thrilled to announce a milestone moment in our journey as we become the first estate agency in Wales to introduce an Employee Ownership Trust (EOT), and possibly the largest in the UK. This move is a testament to our commitment to our incredible team, valued clients, and the vibrant communities we serve across North Wales.

Why We Chose Employee Ownership
The decision to transition to an EOT was a natural evolution of our belief that our people are the backbone of our success. By transitioning to an employee-owned model, we ensure that our team members have a say in the future of Dafydd Hardy, fostering a workplace culture rooted in collaboration, motivation, and shared goals. Both Dafydd & Richard will remain in the business but now as employees. They'll be working with the teams to continue to deliver the award-winning service and support the business for many years to come.

Dafydd Hardy expressed: "Creating an Employee Ownership Trust was about securing a bright future for the agency, our staff, and the communities we love. We wanted our team, who have been so integral to our growth, to feel rewarded and empowered. This trust allows us to focus on what matters: delivering quality service and supporting our local communities.”

Richard Thomas said: “I am proud that Dafydd Hardy Estate Agents is becoming an EOT and will remain an independent trusted company in the property sector. It will provide opportunities for current and future staff as it grows and develops further.”

What This Means for Our Clients and Communities
As an employee-owned agency, each member of our team is now even more invested in ensuring the highest level of service for our clients. This new structure won't change our approach to work, with a desire for continued transparency, and attention to detail. We are more motivated than ever to meet your property needs, whether you’re buying, selling, or renting, with the care and commitment that you've come to expect from Dafydd Hardy.

Leading the Way for Welsh Businesses
We’re proud to lead the way in Wales as the first estate agent to embrace this model, and we hope it encourages other businesses to explore the benefits of employee ownership. We believe this approach aligns perfectly with our values, helping us create a sustainable and community-focused agency ready to grow alongside North Wales. 

Thank you to all our clients, colleagues, and partners for your ongoing support. We are excited about the future and eager to see the positive impact this EOT brings to Dafydd Hardy and our North Wales community!

We must thank Cwmpas, BIC Innovation, and Geldard's who are all Welsh organisations for their support in our transition to employee ownership. Their guidance and staff support made the process as smooth as these things can be for all involved. 

Mike Williams, Specialist EO Consultant at Cwmpas commented: “It was a privilege to work with the owners and staff at Dafydd Hardy on their transition into Employee Ownership. The EOT model helps to preserve the company’s future in the hands of their best asset - employees”. Mike added: “Dafydd Hardy joins the growing number of EO businesses in Gwynedd, which is the first EO county in Wales, supported by Gwynedd Council and their SPF funding”.

Andrew Evans, Partner at Geldards Cardiff: “It was great to work on the successful transition to employee ownership of Dafydd   Hardy Estate Agents and create a solid foundation for the future while protecting the business legacy of Dafydd and Richard. We look forward to working with the team in the future.”

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About Us

Dafydd Hardy Estate Agents and Chartered Surveyors are an employee-owned, independent business with 5 offices covering Gwynedd, Anglesey, and Conwy. Having won numerous prestigious awards, the company was founded by Dafydd Hardy and Richard Thomas (both RICS Chartered Surveyors) in 1992. Today, it is a trusted and successful enterprise in North Wales, celebrated for its expertise and extensive experience in residential sales, lettings, surveys, and commercial property matters.

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