Tue, 18 Sep 2012 | MBO/MBI
An MBO has seen Derby Express Couriers (Overnight) sold to its directors.
Founding shareholder Nick Taylor sold the total logistics provider to its directors, Lorraine Sharp and Susan Hill.
The pair have been part of the business for a significant amount of time, with Ms Sharp joining 12 years ago and driving quality improvements, while Ms Hill has worked for several years in the sales team while growing the customer base.
Together, they are expected to build on the company's existing reputation and drive the company forward into the next phase of it development.
Ms Sharp commented: “Susan and I are privileged to be able to take the business forward to the next stage. We take pride in offering a quality and reliable service to all of our customers and are completely committed to keeping our customers and staff at the heart of all that we do.
“We had great support from our team of advisers through-out the MBO process, meaning we could remain focused on running the business on a day-to-day basis.”
Legal advice was offered from Derby lawyers Ran Oren and Martyn Brierley of Flint Bishop Solicitors. Meanwhile, Fraser Cunningham and Fiona Boxwell of Smith Partnership were on hand to advice the vendor.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
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.