Duff & Phelps secures buyer for BC Transport, safeguarding 50 jobs in Cheshire
Stephen Clancy and Steven Muncaster, both of Duff & Phelps Ltd, have successfully sold BC Transport (Bollington) 1991 Ltd and its assets to Kinaxia Logistics Training Limited, following their appointment as Joint Administrators on 5 December 2017.
BC Transport, based in Bollington, near Macclesfield, Cheshire was formed in 1964 and has over 45 years’ experience in the business of haulage, storage and distribution both in the UK and across mainland Europe. As members of the Road Haulage Association (RHA) and Transport Association (TA), the business has an extensive fleet, which consists of both articulated and rigid curtain side vehicles.
Additionally, BC Transport was a founding member of a nationwide network of hauliers offering a palletised goods delivery service – PALLETFORCE – which enables it to handle anything from a one pallet delivery to a full load consignment.
Stephen Clancy, joint administrator, Duff & Phelps, said:
“As an established and valued business in the North-West of England, we’re pleased to have successfully secured a sale of BC Transport following extensive interest being shown in the business, resulting in all jobs being maintained and its continued, sustained trading.
“The resilience shown by the UK economy following the EU Referendum was better than expected. It had been feared that there would be a recession. However, it does now look like unflagging consumer spending largely buoyed up the economy. But many economists have anticipated a slow-down to come as higher inflation takes effect. Sterling has fallen significantly, and while exporters have broadly welcomed this, it has to be counterbalanced by an increase in the cost imported raw materials as well as the uncertain trading environment. It was this deeply uncertain business environment that ultimately impacted BC Transport, which operates in an industry that was already highly margin-sensitive.”