6 ISSUES FOR JUST £6 Subscribe to Business & Professional Life today CLICK HERE

Downton buys C & H (Hauliers) Ltd from The Charles Gee Group

PUBLISHED: 16:27 29 October 2013 | UPDATED: 16:28 29 October 2013

C M Downton Ltd has purchased C & H (Hauliers) Ltd, rescuing 180 jobs and saving the £23million turnover business from liquidation.

C&H’s parent company, The Charles Gee Group, went into administration on Monday 21 October, with Geoff Rowley, Phil Armstrong and Andrew Sheridan, partners of FRP Advisory LLP, the specialist restructuring, advisory and recovery firm, appointed as joint administrators. Downton confirmed the deal on Friday, October 25 following negotiations with FRP Advisory, and will take over all of C&H’s operations, effective immediately.

Andrew Downton, Managing Director, C M Downton Ltd, said: “The Downton Group has been looking to expand its business through either acquisition or mergers, and the C&H business was a perfect match. We both work in the same sectors – in particular with paper and publishing clients – and there are synergies for both businesses that made the deal a no-brainer.

“C&H is a fantastic business with a great heritage, which unfortunately had suffered through the cash flow difficulties of the holding company. To be able to save this business – and its staff – while driving forward our own business was too good an opportunity to turn down.

“We would like to clearly state that Downton has absolute confidence in Steve Mercer and the management team at C&H, and we will continue to work with them going forward as we build up this great business.”

Phil Armstrong, partner at FRP Advisory and joint administrator, said: “We are delighted to have found a new home in C M Downton for the business of C&H, its staff and its array of loyal customers.

“For more than 50 years C&H has transported core parts to Britain’s manufacturing base and its services have been integral to their success – that continuity of service is now secured under new ownership.

“We would like in particular to thank the support of C&H customers which helped ensure a successful, swift turnaround through the protection of the administration process. We wish the purchaser and everyone involved with the business continued success for the future.”

The deal means that 180 jobs are being rescued, with all employee rights fully protected under Transfer of Undertakings (Protection of Employment) Regulations. The acquisition also sees Downton take over significant assets, with 130 tractor units and 250 trailers added to the Gloucestershire-based haulier’s fleet.

0 comments

More from Cotswold Life

14:12

“Life Safe provides a simple yet secure way for clients and their families to keep safe their most important documents and develop a record of their valuable and treasured assets.”

Read more
14:00

“The logistics hub is another example of where we have worked in partnership to support skills needs in the area and link our student body with future job opportunities.”

Read more
13:43

“Anyone concerned about the implications of taking on a grant of probate should seek expert help.”

Read more

Taking the classroom outdoors is fun, inspires fresh ideas, broadens horizons – and encourages a new generation to enjoy and care for the Cotswolds

Read more
12:08

Amid the season of turkey and tinsel Whatley Manor are throwing in a festive curveball, an evening of lobster, fizz & fries!

Read more
11:04

Christmas shopping at Whatley Manor on the 26th, 27th & 28th November.

Read more
09:47

Join Whatley Manor on the 30th November for their tasty tapas night.

Read more
Yesterday, 15:25

Chipping Campden – once the meeting place for a council of Saxon kings – now offers the warmest of welcomes to all its visitors, from the humble shopper to the seasonal shin-kicker

Read more
Yesterday, 15:12

Property prices across Gloucestershire and the Cotswolds have risen steadily over the last few years, reflecting the trend across the country. But which area has shown the most dramatic hike in prices recently, and how does your postcode and house type compare with others in the area? You may be surprised to see the results...

Read more
Yesterday, 15:11

From mini Norway spruces to luxury Nordman firs, here are eight of the best places to get a luscious, green tree in the Cotswolds this festive season

Read more
Yesterday, 15:10

The weekend is fast approaching and for those still deciding how to spend their Friday through to Sunday, we pick 5 of the best ways to spend your weekend in the Cotswolds

Read more
Yesterday, 15:10

Choral carol services and grand instrumental performances, with the backdrop of some of the Cotswolds most picturesque locations, are perfect ways to embrace the festivities. We pick some of the best carol services and concerts to enjoy in the region

Read more
Friday, November 16, 2018

“‘Flexitarians’ can do one though, being alleged vegetarians who still can’t resist the sizzling siren song of the bacon sandwich when no-one is looking.” Editor Mike Lowe is attempting to seek reconciliation with those he has annoyed… well, sort of.

Read more
Thursday, November 15, 2018

“This letting to Oxford nanoSystems is a fantastic example of how we are able to provide first class facilities for growing technology companies at Abingdon Business Park.”

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Topics of Interest

Food and Drink Directory A+ Education

Subscribe or buy a mag today

subscription ad

Local Business Directory

Property Search