Suite TV announces move to employee ownership

JGA supports Suite TV in their transition to EO

We are delighted to share the news that Suite TV have become employee-owned. The award-winning television post production company responsible for providing editing facilities to the nation’s favourite comedy programmes became the latest business to join the employee ownership community.

This week’s announcement reveals that 100% of shares have been transferred into an Employee Ownership Trust (EOT) on behalf of all their employees.

JGA’s MD and Founder Jeremy Gadd and our Associate Corrine Thomas have supported the founders’ ambitions to transition the organisation to an Employee Ownership Trust (EOT). From the initial contact made during a networking session earlier this year, the last five months have seen a great deal of planning and preparation to which Jeremy and Corrine have been able to add clarity and guidance throughout.

Suite TV provides editing facilities for a number of well-known national comedy programmes, including the popular ‘Have I Got News For You’ (with Ian Hislop and Paul Merton), critically-acclaimed ‘Afterlife’ (penned by the irrepressible Ricky Gervais) and ‘Not Going Out’ (the second longest running British sit-com). The team were also involved in editing the recent groundbreaking documentary drama ‘Partygate’.

At a staff meeting of the 40 employees this week, Julian Aston, Suite TV’s Chairman and Founder, announced this monumental news at the company’s headquarters.

Julian said: ‘The decision of the founder shareholders to sell their shares to the newly-formed Suite Employees TV Trust was the very best way to ensure the future of the business, and that by passing the ownership to the staff, the long-term future of the business was secured.’

Shelley Fox, Founder shareholder and Managing Director, said: ‘We looked for years to find the right succession strategy and employee ownership will, I hope, mean that we pass the baton on to our brilliant young and talented staff.’

The transition to employee ownership has taken more than three years, and Suite TV was assisted in this journey by William Franklin of Pett Franklin, Jane Jeavon of Legal Clarity as well as Jeremy Gadd of J Gadd Associates. JGA have been retained by Suite TV for a further nine months to support and guide the transition journey. Suite TV are full members of the Employee Ownership Association.

For any further information on Suite TV, please contact Julian@suitetv.com