 |
|
Paul Hodgson bought from administration
Car transportation business A1 Automotive has bought the assets, stock and goodwill of struggling rival firm Paul Hodgson Transport for about £20,000.
The deal was agreed immediately after Paul Hodgson, which trades as P&D Hire, entered administration under Begbies Traynor. A1 is now looking at expansion.
Lindsays was legal adviser to A1, while Langleys, led by Stephen Baylis, was legal counsel to the vendor.
Lindsays’ team was led by Anthony Murray and assisted by head of employment Emma Anstead. The deal is its first for A1. Murray said: “The transaction had to be completed quickly as the vendor’s financial position required it to appoint administrators and creditors were threatening liquidation, which would effectively derail any deal.”
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- PLUS admission for TradeLabs Jan 09 2009
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- PLUS shell in reverse takeover Jan 07 2009
- Red hot deal for AVC Jan 07 2009
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Neoss gets teeth into £5.5 million Jan 09 2009
- HICL ups stake in Barnet Hospital Jan 09 2009
- Compass Group makes headway with KIMCO Jan 08 2009
- Hello Telecom acquires TelNG Jan 07 2009
- Infinity wraps up second deal with Flextex Jan 07 2009
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February