Aspray Group has been acquired by Bushell Investment Group for an undisclosed sum. The company, which owns BIG Property Finance a short term loans specialist, said the buyout came after months of discussions between the two parties. Aspray Group, which is made up of three divisions: Aspray24 (registered as Aspray Transport at Companies House), Aspray Logistics and Aspray International, was previously owned by holding company Nationworld. Lee Bushell, CEO of Bushell Investment Group, which is based in Birmingham, said: “The […]
Aspray Transport’s Company Voluntary Arrangement (CVA) will see £1.9m of debt to certain creditors being written off as well as redundancies, motortransport.co.uk can reveal.
Aspray Transport is awaiting the completion of its 18-acre expanded Willenhall, West Midlands hub, which is due to be unveiled next month.
A shortage of drivers, the introduction of Driver CPC and a drive to improve its services saw Aspray Transport’s pre-tax profit fall in the year ended 30 June 2016, despite turnover growth of more than a third.