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.
The company offers an aluminium design, fabrication and installation service, specialising in aluminium windows, doors and curtain walling systems. The company works closely with a number of prestigious suppliers and subcontractors in order to provid...
The company provides a diverse range of solutions to clients across the healthcare sector, including temporary staffing, supported living, and complex care. To complement its core services, the business has developed its own app, enabling healthcare...
The company offers the hire of a wide range of high-quality, modern plant, access, and tools regionally. Priding itself on its outstanding customer service and large, loyal client base, the company also provides training for IPAF courses through an e...
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.