Historic removals and storage firm Purvers International Ltd, of Gosport, Portsmouth, has been bought by Petersfield-based Britannia Reeves after being placed in administration.
Gavin Savage and Kirstie Provan, of business rescue and recovery specialist Begbies Traynor, were appointed joint administrators of the firm, which was established in 1909, on 14 August 2014. The sale took place on the same day.
The business, along with its eight-strong team of office-based staff, will relocate to Reeves’ site in Petersfield and the long-standing Purvers International brand will continue. The company served both domestic and commercial clients nationally and internationally.
Gavin Savage, who is based at Begbies Traynor’s Southampton office, cited the challenges of an evolving market as the main reason for the business’s problems.
He said: “The national and international removals market has witnessed large changes due to the downturn in the housing market during the recession, which resulted in increased competition and reduced margins. But we’re pleased to say that we have been able to secure a sale of the business and assets, and this means that Purvers International will remain a trusted name in removals both locally and globally for the foreseeable future.”
Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.
Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.