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 secures lifeline and looks to the future as company voluntary arrangement is approved
Creditors of Aspray Transport have voted in favour of a company voluntary arrangement (CVA).
Aspray Transport is to close its doors next Friday (16 August) with up to 449 jobs potentially at risk of redundancy after attempts to revive the business proved in vain, Motortransport.co.uk can reveal.
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.