WT Burdens depots sold
Published: 15 January, 2013
Following their appointment to the company on the 23 November 2012, Philip Duffy, Steve Clancy and David Whitehouse of global financial advisory and investment banking firm Duff & Phelps have confirmed the sale of a number of WTB Trading (formerly Burdens) depots.
The branches that have been successfully sold are:
- Swindon to MPS
- Fareham & Olney to Grafton
- Heathrow to Carboclass/Lords
- Dorchester and Cinderford to Bradfords
- Nuneaton to Tippers
All employees have been transferred to the respective purchasers under TUPE.
Mr Duffy said: “The Burdens brand is well known and affiliated with quality with a strong established client base. We are delighted that this has proved to be attractive for a number of buyers ensuring the successful sale of the depots so far, thus preserving the business and jobs. There is interest expressed in the remaining branches which we will continue to trade as a going concern while we continue discussions with those parties considering acquiring some, or all of the remaining branches.”