Blake Morgan advise on sale of Freight Movement Ltd
Blake Morgan is delighted to have supported PME Consulting and BTG Begbies Traynor on the sale of Freight Movement Ltd, a Newport-headquartered logistics and haulage firm, to Monex Distribution Ltd.
The pre-packaged administration sale preserves 61 jobs and minimises disruption to clients and services. With almost 30 years of logistics trading and a UK-wide client base, Freight Movement Ltd is now part of the family-owned haulage network Monex Group where its strong heritage will be preserved and built upon.
Insolvency Partner Paul Caldicott led on the sale, with support from Blake Morgan’s Banking & Finance, Employment and Property teams. He said:
It was a pleasure to act for our clients, collaborating on a deal that moved quickly to secure the best outcome and safeguard jobs. We are grateful for the commitment of all parties involved and are confident this heralds a bright new era for the business as part of the Monex Group.
Blake Morgan’s Insolvency & Business Support team has significant experience advising insolvency practitioners, funders, debtors, creditors, business stakeholders, and individuals on the management and recovery of debt and assets, providing practical guidance that helps clients achieve effective outcomes.
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