West Midlands transport company enters administration

Mon, 25 Mar 2019 | ADMINISTRATION



The company behind the Ring and Ride services throughout the West Midlands has collapsed into administration.

Accessible Transport Group (ATG), which encompasses Ring and Ride West Midlands and ATG Contract Services, has been forced to call in financial advisory firm Duff & Phelps to handle the administration process, with partners Matthew Ingram and Tyrone Courtman appointed as joint administrators.

The charity group, thought to be the largest of its kind in the UK, provides accessible transport services to those with mobility impairments in both urban and rural areas, with roughly 700 members of staff and 600 vehicles to its name.

Despite going into administration, ATG has said it will continue its trading operations until a solution is found for the long-term services of the company.

Ingram said: “The majority of the services that the charities provide are vital to those that rely on them for transport on journeys they would not otherwise be able to make.

“We understand the uncertainty and concern that the appointment of administrators will have on all of the service users, in addition to the employees, suppliers and supporters of the charities.

“We are in contact with Birmingham City Council, Transport for West Midlands and the West Midlands Combined Authority and are working with them to try and ensure that there is no interruption to the day to day operations of the charities whilst we seek to secure the long-term provision of the essential services they provide.

“We will of course be communicating either directly or in collaboration with the local authorities to all of those who are affected by our appointment to ensure that they understand its ramifications and minimise the uncertainty as far as we are able.”

Click here to view the Accessible Transport Group Limited listing for full details.

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Automotive Repair Business
Gloucestershire, UK Wide

This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.

Asking Price: £925,000
Turnover: £414,249

FREEHOLD


Domestic & Commercial Drainage & Plumbing Company
Midlands, UK Wide

An excellent opportunity has arisen to acquire a domestic and commercial drainage and plumbing company based in the Midlands. Offers invited.

Asking Price: Offers Invited
Turnover: £2,401,040

Commercial Cleaning Services Company
South East, UK

A unique opportunity has arisen to purchase a growing office and commercial cleaning company. The company provides a comprehensive suite of cleaning services for businesses and organisations across South East England. Offers invited.

Asking Price: Offers Invited
Turnover: £860,583


View more businesses for sale

News Search

Latest News

 
21
 
Apr
 

Cambridge artificial intelligence / machine learning company bought by customer | BUSINESS SALE

Early stage advanced data analysis company Rinocloud has bee...

 
19
 
Apr
 

Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...

 
18
 
Apr
 

Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...

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