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Administrators at Begbies Traynor said they had saved 34 jobs after London-based courier firm Rush Worldwide entered administration and was then sold in a pre-pack deal.

The company, which offers same and next-day delivery services, entered administration at the end of November and insolvency practitioners Julie Partner and Andrew Hook were appointed to the firm.

Hook said: “After a careful assessment of Rush Worldwide’s financial situation, we are pleased to confirm the completion of a pre-packaged sale of Rush Worldwide Ltd to Rush Europe Ltd, which is operating under new directors.

“The sale has protected 34 jobs and puts the potentially profit-making business on a stable footing for the future.”

The business, which is a member of the APC Delivery Network, continues to trade from the same premises whilst the purchaser agrees new terms with the landlord.

APC declined to comment.