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Marquiss up for sale

3rd January 1991, Page 11
3rd January 1991
Page 11
Page 11, 3rd January 1991 — Marquiss up for sale
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Keywords : Business / Finance

• Marquiss Transporters, the Scottish car transporter and recovery vehicle manufacturer, is up for sale or lease, following the decision by principle Reg Forester-Smith to retire. He has rim the company since its launch in 1970.

The company has a turnover of E2m a year and says it showed a profit of 28.5% in 1989-90. Up to 150 vehicles a year are manufactured at its two factories in Dumfriesshire. Forester-Smith says that the business is "busy, with a comfortable order book of six to eight weeks".

From February, the company changes its name to Marquiss of Scotland, taking on the status of a limited company. At present it is a partnership between Forester-Smith, his wife, and Midlands associate David Browning.

Ideally, Marquiss is looking for a businessman with marketing skills and an engineering expert to take over, but Forester-Smith says he is keeping an "open mind". He plans to stay on as long as he is needed — on a consultancy basis if required.

"With 1992 comes a new phase in business," says Forester-Smith, "so we would Ike somebody else to have a go. Life is a one-way ticket and it would be nice to cash up and assess one's worth."

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People: David Browning

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