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.
Established in 1994, these three handsomely presented and fully-equipped unisex hair salons are located in a prominent trading location.
Established vehicle display is located in a Berkshire prominent main toad. The business boats an excellent reputation and customer base.
LEASEHOLD
Established 2019, this logistics company can be managed from anywhere. The business comes with reliable executives already in place.
19
|
Apr
|
Building services consultancy moves to employee ownership | MBO/MBI
A building services consultancy in the North East has moved ...
19
|
Apr
|
US firm acquires Somerset employee management provider | BUSINESS SALE
An employee management services firm based in Somerset has b...
18
|
Apr
|
Education specialist makes second LDC-backed acquisition | BUSINESS SALE
Hybrid, an education media and marketing services firm, has ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.