Irwin Mitchell’s Insolvency Team Advise On Deal
A North West based coach company has acquired the intellectual property and manufacturing assets of Bluebird Vehicles.
Bluebird entered administration on 2 July 2014 after experiencing a slowdown in trade which resulted in the appointment of administrators and 48 members of staff at the company’s base in Scarborough being made redundant.
Bolton-based Woodall Nicholson Group, which has more than 200 employees and a turnover of £26m, acquired certain assets of the company from the administrators.
Woodall Nicholson managing director Geoff Hudson said:
“We are very proud to add the Bluebird range of buses to our automotive portfolio. The acquisition will generate more jobs in the North West and further strengthen the Mellor range of market leading accessible vehicles."
Andrew Walker, Insolvency Partner at Irwin Mitchell, advised on the deal. He said:
Expert Opinion
Bluebird experienced a challenging trading period and unfortunately the business was placed into Administration with the loss of 48 jobs.
“This deal is expected to lead to job creation in the North West region and it is hoped that it can help towards safeguarding a number of jobs in Scarborough.”
Andrew Walker - Partner