The Cardinal Partnership is a story of a £15,000 investment, 25 years ago, that became the world’s biggest employee-owned logistics business.
Now the Cardinal Partnership, our group has brought both Far Logistics and Cardinal Global Logistics together to create a more equitable workplace for employees.
Every supplier and agent that chooses to work with us is collaborating with an organisation that is people focused and a force for good.
By requiring at least 51% of the share capital of a business to transfer from the current shareholders to a Trust, the move to become an EOB better reflects employee interests.
In our case, Far shareholders agreed to sell a hugely significant 68% of their shareholding. It’s this percentage that makes the Cardinal Partnership more than just a name.
Now, employees are ‘beneficial owners’ and get a fairer share of the profits that the business generates each year. There are over 1000 others in the UK that have already transitioned, representing more than 180,000 employee owners.
We’ve always believed that businesses who work with Far Logistics are working with 600+ decision-makers, all experts in their field. And by becoming an EOB that’s even more true.
This transition will allow Far to reward the employees who have made our business what it is today. Not only will it help us to attract more experts in the industry, but it’ll also increase collaboration within the existing team. I’m hugely proud of what we’ve achieved so far, and I’m looking forward to what we deliver next.
Our ethos of people first is something which we are very proud of and the EOB enables us to deliver the ultimate thank you – ownership in the business. The success of Far has been largely driven by identifying talent, creating opportunity and rewarding our people for their contribution. The EOB will further create a sustainable platform for the ongoing success story at Far.
Becoming an EOB enhanced our culture of creativity, bravery and inclusivity. The EOB structure is meaningful reward and recognition of our committed colleagues. The next chapter in which we all shape the future of Far and share in the success story.
“The role of Far is not to have all the ideas; it’s to create a culture where everyone can have ideas and feel that they’re valued.”
Our Partnership Values are at the heart of why we do what we do. We are committed to creating a culture where everyone can be the best they can be.
Discover the core values that have shaped and defined our business and our people.
by encouraging each other to make bold decisions.
and inspire each other to think differently.
we’ll help each other belong to something extraordinary.