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Sale of a Haulage Company

Written by: Richard Roe on Friday 09/08/2013

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Our Machinery and Business Assets department has successfully sold the business and assets of a well established haulier.

The well established business was advertised through our website and circulated to our email list of people interested in purchasing assets and businesses. This generated a number of enquiries and following extensive negotiations with prospective purchasers, the bank and the insolvency practitioner a sale was agreed resulting in the safeguarding of circa 40 jobs.

Malcolm Good, Director of Machinery & Business Assets in our Nottingham office commented "Selling any business as a going concern is usually a complex process. This case was no different, but I am pleased with the level of interest generated in the business and the end result of safeguarding in the region of 40 jobs and providing a return for creditors"

The Assets For Sale section of the website is currently being updated to provide the facility for more of these businesses to be advertised, to join the mailing list to find out when we have similar sales in the future, please click here (link to be added)

Written by: Richard Roe on Friday 09/08/2013

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About the author

Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.

In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.

Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.

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