Administrators achieve sale of Bedworth Haulage Ltd, saving 21 jobs.
Administrators at corporate recovery specialists Quantuma have managed to save 21 jobs at a Warwickshire haulage company.
Partner Andrew Watling and director Simon Campbell of Quantuma, were appointed administrators to Bedworth Haulage Ltd on Thursday 25 January.
The business was based at Bayton Road Industrial Estate, Exhall, Coventry.
Bedworth Haulage Ltd was founded in 1970 and provided haulage to the temperature controlled, pharmaceutical and safety and security sectors. It had an annual turnover circa £5 million.
Andrew Watling said: “The business was overcome by the weight of historic debt and a number of recent unprofitable contracts.
“We were able to achieve a sale to C4 Safety Ltd and save 21 jobs, with no redundancies being required.”
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For further information, please contact:
Andy Skinner, Managing Director, ASAP PR – 07990 978257
Marie Wadeson, Director of Marketing,
Quantuma LLP, High Holborn House, 52-54 High Holborn, London, WC1V 6RL
Tel: 07464 545678
Notes to Editors
Quantuma LLP is a leading corporate recovery and business advisory practice delivering partner-led solutions to businesses and individuals facing financial distress with offices in London, Southampton, Marlow, Watford, Brighton, Bristol, Manchester and Birmingham.