200 jobs saved as management buy back stricken logistics firm

Almost 200 jobs have been saved after administrators from Leonard Curtis Business Solutions Group sold Lutterworth-based Crouch Logistics.

The 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.

Beighton 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 around £13.1m for the year ended September 2021.