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Buyers shun BFI sites

16th May 1991, Page 10
16th May 1991
Page 10
Page 10, 16th May 1991 — Buyers shun BFI sites
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Which of the following most accurately describes the problem?

• Scant interest has been shown in the remaining parts of BFI, the long-established transport operation which went into receivership last month (CM 25 April-1 May).

Receiver BDO Binder Hamlyn has sold only one of the depots on offer, a container storage and maintenance site at Dagenham, saving 20 jobs.

Handyn. An advertisement for

BFI in the Financial Times produced few serious enquiries.

Depots at Rainham and Southwark remain open pending acceptable offers, but Steventon warns they too will be closed if none are forthcoming.

The distribution arm of BFI was closed as soon as the company collapsed. The firm's directors are advising the receiver while the rest of the business is disposed of. BFI was in the top 30 UK transport firms.