1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148 
Redundancies are averted as Milbank deal goes through
15th January 2009, Page 10
15th January 2009
Page 10
Page 10, 15th January 2009
— Redundancies are averted as Milbank deal goes through
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
A MONTH Al lER agreeing a deal in principle, the administrator for Milbank 'Ducks has finalised the sale of the firm's assets.
David Watson Transport, a new company created by the Milbank management team, has bought Milbank and its assets from KPMG.
Milbank Trucks called in the administrator on 4 November following the collapse of its sister company Milbank Floors. At the time, 28 staff were made redundant.
Milbank Trucks, which has an annual turnover of .114m. continued to operate while KPMG tried to find a buyer for the business.
At the beginning of December, the administrator agreed the deal with David Watson Transport in principle, but the sale has now been confirmed and will ensure Milbank's 130 staff will keep their jobs.