Ownership Contract
Example only
SignedDayo, host
SignedTom, apprentice
SignedOmose
The good ones always leave. This time, you keep a stake.
Train someone for two years, at the going rate. They learn how your whole business runs. Then they become an owner, with you as their shareholder and backer.
Three reasons to host.
You have more work than people.
A full diary. A waiting list. A borough you can’t reach. Train someone to run the next site or team, and hold a share of it.
You’ve trained people and lost them.
They got good, they left, and some of your customers went too. Here the leaving is planned, and you own part of what they start.
You want to step back one day.
They take a growing share of your business in stages, at a price you both agreed at the start.
If you're hiring anyway, the wage isn't the new cost.
The new part is a monthly payment into a fund for a business you will part-own. Try it with your own figures.
The going rate for the role in your area. We check it.
You choose this. It goes in the contract and both sides see it.
The Ownership Fund after two years, ready for Ownership Day
Add your monthly figure
- Wages over two years, which you would pay for any junior
- £52,650
Not included: Omose's fees, which you see in writing before you sign, and employer pension.
What the government already pays for.
100%
of training costs covered for new apprentices under 25.
Source: GOV.UK, Growth and Skills Levy factsheet (opens in a new tab)£2,000
hiring payment for non-levy employers taking on a new apprentice aged 16 to 24.
Source: GOV.UK, £2,000 hiring payment (opens in a new tab)£0
employer National Insurance on eligible earnings for apprentices under 25.
Source: GOV.UK, Growth and Skills Levy factsheet (opens in a new tab)
Rules and eligibility can change, and training can cost more for older apprentices. We check what applies to you before you sign.
What you put in
- Wages at the going rate. The apprentice is your employee.
- A few hours a week of real teaching.
- Time off for their formal training.
- Two minutes a week on a log. The apprentice reads it.
- A monthly payment into the Ownership Fund.
- Omose’s fees, in writing before you sign.
What you get back
- A screened person aged 18 to 30, committed to two years.
- Someone learning to run the business as well as do the work.
- A stake in what they start, or a branch run by someone you trained.
- A written plan, and a clear route if problems come up.
- A network of owners who send work to each other.
- An ally who sends you work for years.
One contract, signed before day one.
Written by Omose in plain English, and checked by a solicitor before anyone signs. It covers pay, teaching, the fund, the three routes, what happens if it ends early and hosting the next apprentice.
One screen. Both of you.
You and your apprentice see the same progress and the same fund balance, every week. Move the slider to try it with our example pair.
Month 18 of 24
On track- Weeks logged, both sides
- 78
- Teaching plan covered
- 82%
- Route
- Own company
Not every business should host.
You are a good fit if
- You have traded profitably for at least two years.
- You work in the business and can teach it.
- You are in Greater Manchester, for the founding cohort.
- Your trade has an approved apprenticeship standard.
This is not for you if
- You need cheap labour. Pay is the going rate, and we check it.
- You want an employee for life. Ownership at month 24 is the point.
- You want to hand over the keys next year. This takes two years.
- Your trade takes four or five years to qualify in.
The questions owners ask first.
Why would I train my own competitor?
You are training someone whose business you will part-own. The contract can also set how close they trade to you. An owner with a stake wants them to win, and they have every reason to send you work.
How much does it cost me?
Wages at the going rate, plus the monthly fund payment you agree, which goes into the fund and never to us. Omose charges a joining fee when a match is signed and a fee at Ownership Day. There is no monthly fee. You see every figure in writing before you sign anything.
Who decides what my business is worth?
A formula you both agree at the start, before anyone has a reason to argue about it.
What if they leave after a year?
The contract sets the notice and says where the fund goes. We also work with you on a new match.
What if they aren’t up to it?
You will know early. There is a probation review, then regular reviews after it. If it isn’t working, it ends fairly under the terms you both signed. Ownership is for apprentices who finish the two years and meet the plan.
Is this a real apprenticeship?
Yes. Your apprentice is your employee, on an approved standard, with a registered training provider. We help you find the provider. The route to ownership sits on top of that.
Talk to us before you decide anything.
Tell us about your business. We call within a week. Nothing here commits you.