Investment fund Hamilton Day has bought the Hiremee depots in Royston and Ware in Hertfordshire as going concerns.
Hiremee Ltd entered into administration on 18 May, with the appointment of joint administrators Jason Baker and Geoff Rowley, partners at insolvency and restructuring specialist FRP Advisory LLP. Six of the 20 employees lost their job at that time.
The administrators were able to trade the businesses in Royston and Ware, while seeking a buyer as a going concern. A third site in Bishops Stortford was closed down following the resignation of the only employee based at that location.
Mr Baker said: “We are delighted to have secured a sale of the business and assets to Hamilton Day. The sale, which saves 14 jobs across the two locations, represented the best outcome for creditors, as well as the business and its stakeholders.
“The company has a sound client base with a high level of repeat custom and, under new ownership, will be able to prosper.”
Hiremee Ltd was established in 1976 and hires construction plant (mostly JCB and Volvo) as well as tools, clothing and lighting to customers based across Hertfordshire, Cambridgeshire and Essex.
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