Deal saves Derbyshire haulage firm from bankruptcy
A Derby-based company has acquired Ripley-based East Midlands Haulage, bringing it back from the brink of bankruptcy by investing more than £800,000 to create eight new jobs.
Leedale, a family-run company that specialises in providing a range of services to the construction industry, bought East Midlands Haulage, covering debts of £30,000 and creating eight new jobs.
Leedale says it has invested close to £1m in six new lorries in order to revive the company and save it from potential bankruptcy.
Oliver Walkup, director of Leedale, said: “We are delighted to announce the acquisition of East Midlands Haulage and recover the company from financial debt. This has enabled us to transform a bad situation into new job opportunities, which benefits the local community.
“Buying this company has enabled us to increase our area of service and marks a new era for the business, as we can now expand our haulage services due to this growth.
“By investing in a range of new lorries, which cost £140,000 each, we have been able to revive the company whilst maintaining a high standard of service.”
This latest addition provides another base for Leedale – an umbrella company that offers a variety of specialist services for the construction industry including tipper hire, crane transport, road sweeping, skip hire, grab hire and more.
Walkup added: “With this new arm to the branch, we estimate to go from six to 15 new vehicles on this site, hopefully creating at least another 10 jobs in the near future.”
