Confidential Advice Line: 0800 063 9221

Eight jobs saved as removals firm sold out of administration


Eight jobs saved as removals firm sold out of administration

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.”


About the author

Gavin Savage

Insolvency Director

Meet our Team of Experts

Gavin joined Begbies Traynor in Southampton in 2008 having been involved in business recovery and insolvency since the late 1980’s. His career started with KPMG in Southampton experiencing a wide range of both corporate and personal insolvencies.  Having passed JIEB in 1997, he moved to Ernst & Young in London, where he was involved in a number of large corporate insolvencies in a wide range of industry sectors. Gavin was also a director of a marine company, retailing luxury leisure boats, with offices throughout the UK and Europe. This experience has provided him with a good understanding of the issues facing businesses, directors and stakeholders.

Gavin is a member of the Insolvency Practitioners Association and deals with all aspects of corporate recovery work.

48 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Advice for businesses on EBTs after HMRC Supreme Court victory
Begbies Traynor currently advising numerous businesses
HMRC sends out follower notices to reclaim tax lost to Employee Benefit Trusts
Find out more →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office
Processing...