Hire group reveals full cost of Lloyds British acquisition
Tools, equipment and plant hire group, Speedy Hire, paid almost £4m for the assets of failed crane testing company Lloyds British, the group’s full year results reveal.
Newton-le-Willows-based Speedy acquired the crane and lifting equipment tester in December following its lapse into administration.
The deal, secured through administrator PwC, saved the jobs of around 200 people at the Sutton Coldfield-based business.
In its full year results statement today, Speedy revealed that it paid £3.8 for the Lloyds British brand,... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
