Birmingham forklift truck supplier is sold out of administration, reports insider media.
Restructuring and recovery firm FRP Advisory were appointed as joint administrators of Roll-Rite Forklift Ltd on 7 July 2014, as reported on www.insidermedia.com.
The company services, hires and sells forklift trucks from purpose-built premises in Birmingham.
Before entering administration, Roll-Rite had instructed FRP Advisory to advise on the business' financial position and explore its options due to cashflow issues caused by legacy liabilities.
FRP were engaged to market the business for sale during June, resulting in the receipt of numerous expressions of interest and culminating in a competitive bidding process.
A sale of the business and assets was completed on 7 July to Roll-Rite Hire Ltd.
Roll-Rite Hire is run by Laura Harden, a former director of the company. It will continue to trade from the same premises in Small Heath.
