Batley companies saved from administration
The two family businesses have operated side by side dating back to the 1980s.
They offer haulage solutions and storage facilities serving customers both locally and nationally from their premises in Birstall.
Both companies had suffered cash-flow difficulties in part caused by restrictive historic finance issues to the point where the companies were under imminent threat of being wound up through the courts by HM Revenue & Customs.
Charles Brook and Allan Cadman, insolvency practitioner partners at Poppleton & Appleby were appointed as the joint administrators of both companies on 10 August.
Cadman said: “It is gratifying to be involved in such a matter particularly in a week where there has been a media spotlight on family owned and run businesses.
“The deal not only saves the jobs of 15 people in the locality, but provides continuity for customers and new opportunities for suppliers.
“The deal will ensure that the creditors’ position will be enhanced through this process as opposed to the winding up and shut down position which was narrowly avoided.”
Published: 18 August 2017