Friday, August 12, 2022

Future of fire & security specialists secured with Employee Ownership Trust

The long-term future of fire and security alarm system installation specialists Tecserv UK has been assured following the completion of an Employee Ownership Trust (EOT).

Based in Underwood, on the Notts & Derby border, Tecserv UK is about to celebrate its 21st anniversary and best ever turnover.

CEO Grahame Tilley said: “Tecserv is a great place to work and has a fantastic talented team driving it forward. I am planning on retiring within the next few years, so by adopting an EOT as an exit strategy, instead of selling the business to a 3rd party, we will be rewarding our staff for their hard work and loyalty with long term security and brand continuity.”

Founded in 2001, Tecserv UK employs more than 50 people across the UK installing and maintaining fire and intruder alarms, CCTV, access control and fire extinguishers.

Professional advice to establish the EOT was provided by John Sykes from Skye Corporate Finance in Leicester, Roger Harcourt from Shakespeare Martineau and Bob Johnson and Pujah Joshi from Mazars Leicester office.

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