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Guest Business Sale Report Member Tue, 14 Oct, 2008

UK Businesses For Sale

Greatfleet plc has been sold
05/08/2008

Greatfleet PLC has announced that its assets were sold to QPS Limited, a company connected to Greatfleet CEO Colin Gerstein. The move insured the protection 40 Jobs
The announcement was made by Michael Healy of Leonard Curtis and Paul Boyle of Harrisons (the "Joint Administrators"). The sale was expediated due to a demand for immediate repayment by HM Revenue and Customs in relation to a significant PAYE liability and the inability of the Greatfleet group (the "Group") to settle this demand.
Greatfleet, had offices in London, Frankfurt, Edinburgh and Dublin. The company specialised in recruitment in the legal, banking, and IT industries. Last year the group was reporting a period of steady growth and in September 2007, it acquired the business of Qualitas, also in recruitment, with offices in Dublin and Edinburgh. However, the business fell victim to the credit crunch and the associated loss of business from the banking recruitment sector.

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