lilton buys back I and H vehicles
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1.20 added to fleet for 'fair' price y CM reporter TOTAL . of 220 vehicles rmerly operated by J and H lansport Ltd—part of the oubled Roadships group—has en bought back by Mr Ralph ilton's Hilton Amalgamated ransport Ltd. Mr Hilton iginally bought J and H into s Hilton Transport Services rmpany before that in turn .'came the basis of Roadships. oadships is now in the hands = a receiver (CM last week Id June 13) and the J and H 3hicles were purchased by Mr ilton from the receiver.
The receiver told CM this 'eek that he has managed to gl off substantial parts of the oadships group, which -ashed after the International nd Commercial Finance Cororation declined to put up rrther capital. Deals so far oncluded by the receiver, ther than the Hilton purchase, relude: sales of the Pollocks f Musselburgh company back ) the Pollock family; purchase y the Charrington, Gardner ocket group of the Reeves rid Export and General cornanies; the sale of Dormer 'rases; and the sale of Gamins 'ransport to its local manager.
The receiver, commenting on is somewhat unexpected sucess in selling off so many of he Roadships assets, said on 7w.,.sday that the main item till remaining was the South ,ondon Inland Clearance erminal at Charlton. Only 40 • ehicles remained and about wo-thirds of the former Roadhips employees — about 400 'eagle — were already remployed with new companies.
Mr Hilton told CM this week hat a substantial number of !rivers were being taken on 'rom J and H. The vehicles vould continue to he operated 'nom depots in London and ■ Tottingham. Asked whether, in the present difficult economic circumstances, he had additional transport 'business available for the new vehicles, Mr Hilton replied: "We are going to try to make the best use of our new assets." He said there was no guarantee that he could make a profit with the vehicles where Roadships had failed.
The Hilton transport companies operated 83 vehicles before last Thursday's addition. Mr Hilton declined to mention the price he had paid for the vehicles. "It was the fair market price" was all he would say.
Coincidentally with the J and H deal came news of the man who had been that company's managing director when it went public three years ago —Mr Hadley Jeurie. He is now managing director of Falcon Auto Services (Deptford) Ltd, which is based at the premises of G. Grace and Son. Mr Harry Grace is a director of Falcon which has been dormant until recently. It now operates four hired vehicles (four new ones are on order) and its office is staffed by two ex-J and H men.