Leonard Curtis Business Solutions Group has completed the sale of Crouch Logistics Limited, saving all 198 jobs.
The Leicestershire-based logistics and courier business has been sold back to management following a period of marketing in January.
Administrators Conrad Beighton and David Griffiths of Leonard Curtis were appointed by Crouch Logistics following a difficult period dealing with increasing costs of labour, driver shortages, and the COVID-19 pandemic.
Conrad said: “We have worked closely with management and key stakeholders to ensure a business and asset sale could be achieved which has also safeguarded nearly 200 jobs. In this sector the employees are fundamental to the successful operation of the business so it was critical that their transfer formed part of any sale.
“Following a short period of marketing and engagement with a number of interested parties, a sale back to management was completed on 31 January 2022.”
At its height, the company’s turnover was circa £13.1m for the year ended September 2021.
