sorry too lazy to dig out original story and add an update
CREDITORS TO FARE WELL AFTER TAXI DEAL
10 Jan 2017 Yorkshire
Creditors to fare well after taxi deal
Creditors are expected to be paid in full after the joint administrators of Six Five Nine Cars in York agreed a deal.
Rob Sadler and Dave Broadbent of Begbies Traynor have agreed a sale to 659 Private Hire after a period of trading and marketing of the business.
"When we first took control of the business, it quickly became clear that it had significant debts‎ and issues arising from its management and aggressive competition," said Rob Sadler.
"Having steadied the ship, we have now agreed a sale that should see all creditors repaid in full, which the purchaser was keen to achieve. We would also like to thank LTS, City of York Council, the drivers and the staff at the company, for their assistance and co-operation in completing the sale.
"The sale has subsequently preserved all jobs and the name of one of York's best known private hire fleets. We are confident that the business has a bright future ahead in the hands of such an experienced team."
The administrators were advised by MRC Legal and Hethertons Solicitors acted for the purchaser.
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