Boutique facility Suite has changed hands from the original founder shareholders to Suite TV Employee Trust Ltd. The specialist in comedy, music, and long-form programming thus becomes the first employee-owned postproduction house in the UK.
Chairman and co-founder Julian Aston formally announced at a packed staff meeting yesterday the transition from a privately owned company to an employee-owned business.
“The decision of the founder shareholders to form the Suite Employees TV Trust was the very best way to ensure the future of the business. By passing the ownership to the staff, the long-term future of the company is secured,” said Aston. “The transition to employee ownership will enhance our commitment to client satisfaction and provide a solid foundation for the long-term future of Suite.”
“We believe we have found the right succession strategy,” added Shelley Fox, co-founder and managing director. “The employee ownership means we have passed the baton on to our brilliant talented staff.”
Established in May 2002 by Aston and Fox, along with Jeff Firth, Jon Blow, Richard Halladey, and Graham Barker, Suite Ltd opened its doors at 28 Newman Street, London, with eight edit suites. Graphics and VFX were subcontracted out to Component Ltd, owned by Aston and Firth. In 2004 Suite acquired Component and expanded overall capacity by a further twelve rooms plus three audio suites and a grading suite. This year it acquired 27 Newman Street, adding eight more suites and bringing the total to seven online and twenty-two offline suites.
Recent credits for the facility include Have I Got News For You, GBBO: An Extra Slice, Never Mind The Buzzcocks S3, Partygate, The Duchess, Ant & Dec Limitless Win, and Gladiators.
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