The chairman of Cheshire-based classic car auctioneer H&H Classics has transferred his 100 per cent shareholding to a trust owned by the employees.

H&H is now completely employee owned and on the next stage of its continued progression as a business after 28 years.

H&H is an established specialist classic car and motorcycle specialist. It sells for and to collectors and museums around the world.

With the head office near Warrington, its private sales garage near Hindhead in Surrey and specialists based throughout Europe, H&H holds regular physical sales at the Imperial War Museum Duxford in Cambridgeshire, the National Motorcycle Museum in the West Midlands and the Pavilion Gardens, Buxton. There are also live auctions online throughout the year.

The new structure means there is a board of trustees, of which Simon Hope is the chairman, to ensure the company is run in the best interests of the employees.

The day-to-day management of the business will remain with the team that has been running the business for the past two years, led by Colette McKay and Damian Jones. However it now means that clients dealing with any member staff will know they are speaking to one of the owners of the business.