North Wales-based Thomas Plant has saved more than 20 jobs after acquiring Hawkrent Limited in Shropshire from administrators.
Lindsey Cooper and Chris Ratten of RSM Restructuring Advisory LLP were appointed administrators to Hawkrent, which rents and leases plant machinery and site cabins to the construction industry. The administrators immediately sold the business in a pre-pack deal to Flintshire-based Thomas Holdings (North West) Limited, the parent firm of Thomas Plant Hire.
Hawkrent will continue to operate at its site in Shropshire and the jobs of all 22 employees have been secured.
Lindsey Cooper, RSM Restructuring Advisory Partner and Joint Administrator, said: “After a targeted sales process, we received an encouraging number of enquiries from interested parties. The new owners have purchased the business and assets and are in a very strong position to ensure the continuity of the business, offering the best outcome for customers, creditors, employees and other stakeholders.”
Wyn Thomas, Managing Director and owner of Thomas Holdings (North West) Limited, said: “We are delighted to have been in a position to complete this transaction and preserve the jobs of the company’s staff. This expansion of our operations will help us to continue to provide an excellent service to our customers.”