EBCam open for business after management buyout success
The city’s newest employee benefits company opened its doors on January 1 following a management buyout of specific services previously offered by Scrutton Bland.
With more than 30 years of experience, EBCam Ltd was founded by James Bolton, Steph Gordon and Laurie Clark following a management buyout from their former employer Scrutton Bland Financial Services.
Managing director James said: “We are really excited to launch EBCam, a firm specialising in providing employee benefits, financial advice and education. We are looking forward to working with our existing clients and companies who care for and value their employees, helping them to review and build employee benefit packages with real impact.”
EBCam’s head office is at St John’s Innovation Centre in Cambridge and they also have a support team based in Fornham St Martin, near Bury St Edmunds.
“All the consultants are in Cambridge,” James told the Cambridge Independent. “The support team is in Bury. We specialise in employee benefits and use chartered financial planners, and will be working with other professions across the region to deliver these services.”
In all, eight out of 11 EBCam staff members previously worked with Scrutton Bland at the company’s Milton Hall base. The services and advice company employs around 200 people, and has its head office in Ipswich.
“I’d been working at Scrutton Bland for three years, and gradually we became an individual team with our own client base so it made sense to start a new company,” James said. “Myself, Laurie Clark and Steph Gordon were the founding directors and shareholders. Under the management buyout deal, Scrutton Bland continue to deliver tax services and accounts audit services to their clients, who are mainly accountants.
“We paid a reasonable amount to buy ourselves out. There’s three years in which they won’t be involved in the employee benefits side of the business. We found we were dealing with all sorts of angel-based, fast-growing business in Cambridge, especially in gaming and biotech, and it’s a very different client base from the Scrutton Bland clients at their sites in Suffolk and Colchester.
“Our company aim is to become the leading independent specialist reward and benefits consultancy in Cambridge and the eastern region. We work alongside our clients’ HR and finance departments and help them engage with staff to deliver modern flexible benefits which help their employees and their business thrive.
“Our job is to review what your business currently offers, benchmark and design reward strategies that are tailored to meet your specific needs and budget.”
Employee benefits, reward and wellbeing are as vital to an employee’s remuneration package as salary. EBCam recognises this and works with exciting, fast-growing start-ups through to larger plc businesses to create employee benefits packages that can evolve as the business and their employees’ needs change while remaining competitive and cost effective. Its team are also independent financial advisers.
EBCam will be hosting a number of events later in 2020 in relation to key topics in the world of employee benefits, particularly around financial education and flexible benefits.