Presently in the final days of its fundraising and expected to be valued at between £40 million and £44 million when trading begins, Shed has – until now – been owned equally by four Granada TV veterans.
Leading the team are chief executive Eileen Gallagher (former head of LWT and deputy managing director of Granada) and production managing director Brian Park, who cut his teeth as producer of Coronation Street. Fellow co-founders Maureen Chadwick and Ann McManus, meanwhile, will remain involved as executive directors and significant shareholders.
Shed, which previously hit the headlines for invoking the ire of Archbishop of Canterbury Dr Rowan Williams on account of the ‘selfish behaviour’ of its shows’ characters, generated a profit of £3.2 million last year on revenues of £14.9 million.
No doubt watching proceedings with great interest will be rival TV production company RDF Media, whose credits include the Channel 4 shows Faking It and Wife Swap. Providing all goes well for Shed, RDF will look to make its own stock market debut later this spring.
For further information visit: www.shedproductions.com