Updated: 29th January 2010
All 63 jobs at a Cardiff distribution company have been saved after the business was sold out of administration.
West One Express, based in Rumney, went into administration earlier this month. The business and its assets have been acquired by West One Overnight.
The deal was arranged by administrators David Hill and Peter Dewey from the Cardiff office of business recovery specialists Begbies Traynor.
David Hill said: “West One Express was trading profitably until March last year, when it began to accumulate losses. Thankfully, we were able to secure a swift sale, with all employees transferring across to the new business.”
West One Express, established in 1997, mainly served the automotive sector, specialising in haulage and warehousing, overnight pallets and same-day delivery.
David is a chartered accountant and licensed insolvency practitioner. He joined Begbies Traynor in 2003 having previously worked for Grant Thornton, Deloitte and BDO Stoy Hayward. He has a wide range of experience in Corporate Rescue and Recovery including both corporate and personal insolvency.