TVD Group were recently featured in an article by Mergermarket outlining a list of ‘Companies to follow in the UK and Ireland’ due to investments, growth plans and outstanding potential. We were delighted to be mentioned in response to our forecast for record turnover in 2022/23.
Lloyd Vassell spoke to TVD’s Lucia Maguire to discuss the Companies recent performance and outlook. The full article is available for Mergermarket subscribers to read on their website, but we’ve included some extracts from that article which highlights the ongoing success of TVD and its plans for growth.
“TVD Group on course to breach pre-pandemic turnover on increased demand
TVD Group, a Bolton-headquartered audio-visual products manufacturer and distributor, has seen a strong rebound post the first UK-wide COVID-19 lockdown and forecasts record turnover during FY21/22 and FY22/23, Head of Strategy & Efficiency Lucia Maguire said. Ahead of the FY21/22 results, turnover already exceeds GBP 18m, which is more than pre-pandemic levels and is set to be a record high. FY22/23 should be even stronger, as clients adversely affected by the pandemic return to a full year of undisrupted trading.
The company, founded in 1996, weathered the coronavirus storm thanks to its diverse customer base and demand for products catering to the outdoor advertising marketing, as well as big screen events such as last year’s European Football Championship. Going forward, management will look to increase market share in its core markets, which include the hospitality, care home and betting shops industries. New growth areas to explore include the education and corporate sectors. It will also add another six new staff to its circa 50-strong workforce
over the next 24 months.”
A special thank you to Lloyd Vassell and Mergermarket for featuring TVD Group.