Tue, 22 May 2012 | BUSINESS SALE
Administrators are looking for a buyer for Richard C Hartley, an independent motor accessory and parts supplier in the North and Midlands.
The firm, which trades as Motormania and Midland Car Parts, was established 25 years ago and is one of the largest independent suppliers in the region.
It has 17 branches supported by the Midland Car Parts motor factor and distribution hub in Derby and employs 92 staff across the companies. There is no news regarding whether or not jobs at the branches in Derby, Long Eaton, Chesterfield, Burton and others will be protected but the administrators are looking to sell the firm as a going concern.
Accountancy firm Grant Thornton has been appointed as the company's administrator and is now seeking a buyer for the business. David Bennett from Grant Thornton told Insider Media: “Motormania and Midland Car Parts are long-established businesses with a strong reputation in the market place.
"We are continuing to trade the businesses with a view to selling them as going concerns and are currently in discussions with a number of interested parties.”
Richard C Hartley made a pre-tax profit of £44,000 on sales of £5 million in the year to 24 January 2010, according to the latest available financial records.
Utilises a large fleet of articulated units and trailers to provide transportation and delivery services depot-to-depot via fully loaded trailers. Provides its comprehensive service offering for several blue-chip organisations. Receives a high volume...
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area.
Established over 15 years this care provider has become very well known in the local area for the high quality of care and companionship they provide to their clients.
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
22
|
Oct
|
Merseyside glazing firm falls into administration | ADMINISTRATION
Merseyside-headquartered door and window manufacturer Total ...
13
|
Oct
|
Recycling group acquired out of administration | BUSINESS SALE
The Doncaster-based Universal Recycling group of companies h...
09
|
Sep
|
Commercial vehicle firm acquired out of administration | BUSINESS SALE
Warrington-based Mercedes Van and Truck dealership Roanza Lt...
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
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.