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

IT Infrastructure Solutions
London, South East, UK

An award-winning company with an excellent reputation within the industry. Reputation in the market for high-quality, state-of-the-art tailored products and services. Offers invited.

Asking Price: Offers Invited
Turnover: £3,600,000

Cyber Security Systems
South of England, UK Wide

Provider of in-depth cyber security consultancy and solutions with ten years' experience within the industry. Offers invited.

Asking Price: Offers Invited
Turnover: £1,800,000

Graphic, Print & Web Design
South of England, UK Wide

Multi-discipline design agency creating bespoke literature including brochures, catalogues, newsletters & prospectuses, as well as designing clients’ websites, alongside e-commerce solutions. Offers invited.

Asking Price: Offers Invited
Turnover: £438,000

View more businesses for sale

News Search

Latest News


Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...


Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...


Prominent stationery supplier enters administration | ADMINISTRATION

Another British high street retailer has fallen victim to th...

Free guide: 10 Biggest Buyer Mistakes

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


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