Begbies Traynor Group

Begbies Traynor confirms deal which saves 34 jobs

Gary Lee, partner at Begbies Traynor.jpg
Date Published: 17/06/2024

34 jobs have been saved in a deal which sees the sale of a specialist landscaping company as a going concern to a third party.

Begbies Traynor has confirmed the deal after Gary Lee and Paul Stanley, who are both based at its Manchester office, were appointed as Joint Administrators of AC Landscapes and Treeworks UK Ltd on Friday 14 June 2024.

Established in 2007, AC Landscapes and Treeworks provides vegetation management, landscaping, and arboricultural consultancy services across the UK’s Strategic Highways and Electricity Distribution sectors.

The £4m turnover company operates across the North West, North East, Midlands and the South West and holds a number of strategic, long-term frameworks with National Highways.

It has now been acquired by an unconnected third party enabling it to fulfil its existing contracts.

Gary Lee, partner at Begbies Traynor in Manchester, said:

“We are pleased to confirm the completion of the sale of the business and its assets as a going concern which provides continuity for the customers and all the staff.

“The acquisition is an excellent strategic fit for the purchaser expanding its existing presence in the strategic highways sector and providing additional capability to support the water sector with the implementation of nature-based solutions.”

About The Author

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Gary is a Fellow of the Institute of Chartered Accountants in England and Wales and a Licensed Insolvency Practitioner with over 30 years experience in the profession.

He has worked extensively with Banks, Asset Based Lenders & Private Equity on mid market & SME assignments. He has a broad range of experience gained through a variety of assignments, working on formal insolvency appointments, informal workouts, debt negotiations and independent business reviews.

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