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, Tecserv UK is about to celebrates its 21st anniversary and best-ever turnover.

Chief executive Graham 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 third 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. Customers include The Ritz and Bulgari hotels in London, Harvey Nichols, M&S, B&Q, The National Trust, NHS Hospitals, and Pinewood and Shepperton film studios.

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