Livestock auction business bought out of administration

Wed, 26 Aug 2015 | ADMINISTRATION

A Scottish livestock auction business has been bought out of administration.

Cumbernauld and Dumfriesshire Farmers Marts PLC (C&D) has been bought by C&D Auction Marts Ltd and Thomson, Roddick & Laurie Ltd.

The deal was overseen by the company's joint administrators, Russell Cash and Ben Woolrych from FRP Advisory LLP.

Mr Cash commented on the sale: “The deal is a great result for the farming communities in the Borders as it preserves a fully-resourced local livestock auctioneering business and secures a large number of rural jobs.”

He added that Barclays Bank also played an important role in supporting the distressed sale.

John Thomson, from purchasing party Thomson, Roddick and Laurie Ltd, added that the new team will be “busy from day one continuing and further developing the busy sales programme with the help of the existing staff team and we will, of course, be working hard to ensure that we continue to enjoy the support of the agricultural community”.

The sale, which went through for an undisclosed sum, will see certain assets transferred to the buyer along with the trading business of C&D. All 70 full and part-time jobs in the business have also been secured.


View other businesses for sale in Scotland.


Share this article



Latest Businesses for Sale

Indoor Trampolining Adventure Park
Telford, Shropshire, West Midlands, UK

Indoor trampoline park offering a wide variety of activities including, dodgeball, battlebeam, jump tower, interactive wall, bouldering wall, inflatables, Ninja warrior, basketball, toddler area, mini football pitch, dance school, tricking classes, s...

Asking Price: £950,000
Turnover: £1,000,000

LEASEHOLD


Assets of a Removal Company (Fast Sale)
UK Wide

Viewing: Thursday 23 May 2019 between 9am and 12 Noon. (By appointment only). Closes From 12 Noon Tuesday 28 May 2019.

Asking Price: Offers Invited
Turnover: < £500k

Recruitment Agency
UK Wide

Formal offers for the business as a whole to be received no later than 12 noon on Friday 24 May 2019. An opportunity exists to purchase the business and assets of a Recruitment Agency Start-up Business.

Asking Price: Offers Invited
Turnover: £381,186


View more businesses for sale

News Search

Latest News

 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources