Crisis group needs buyer
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• A Welsh transport group with a £5m turnover is in search of a buyer after being placed into administrative receivership.
Directors of the Blueline Transport Group and its major haulage company, David David and Sons, appointed the Midland Bank as administrative receivers because of short-term financial problems.
The bank has invested in the 20-year-old group to help its cashflow and is taking offers for all or part of the business.
Ninety drivers work out of the group's Bridgend. MidGlamorgan operating centre and Blueline office manager, Craig Hemmings, believes their jobs are safe. "I don't think there will be a great deal of change in the number of employees," he says. "We are a reasonably profitable company and I am confident about the future."
Blueline runs 40 artics and tippers from Bridgend and Rhymney, Gwent; mainly working for British Steel.
Joint administrative receiver Paul Harding says there are a "substantial number" of interested buyers; they are believed to include the current management team.
A decision on a buyer is expected in about a month.