A TV brand company is looking forward to opening a new showroom this autumn after giving employees 51 percent ownership.

Mitchell and Brown TV brand owner, TVD Group, celebrated its first "employee ownership day" and previewed its flagship AV trade showroom that will open officially this summer.

Following the move to 51 percent employee ownership, Bolton’s TVD Group celebrated its first EO Day with an networking event, complete with a preview tour of the brand’s new AV trade showroom opening this summer.

The event was supported by TVD’s suppliers and partners, including Advantech, Midwich, Exertis, B-Tech and Philips, and platinum event partner, Samsung.

The company now employs more than 50 people from its Bolton base and is committed to putting employees at the heart of the business.

The Bolton News: Matthew Brown

TVD managing director, Lucia Maguire said: “TVD Group has gone from strength to strength based on our commitment to customer service, our staff, and the local Bolton community.

“The transition to majority employee ownership is a natural extension of our commitment to our employees, the area, and the business.

“Employee ownership has been shown to improve employee engagement, boost productivity and fuel progress, and will enable the business to continue to grow and flourish in Bolton long into the future.”

TVD’s new technology experience centre showroom will officially open later this summer, but the brand’s new co-owners had a chance to preview the new trade-only space.

The employee ownership day brought together employees from every department of TVD Group to network, exchange ideas, and celebrate shared ownership.

With guidance from the Employee Ownership Association, TVD’s transition from a family-owned business to a corporate entity where employees have a 51 per cent stake in the company through a managed employee trust, was completed in spring.

New employees will be eligible to join the EO scheme after 12 months of service, making the company ever more attractive for prospective employees in the Bolton area.