Partners Nick Hood and Tim Dolder sold Trans-Action Fast Delivery Service Limited, a courier company based in Basingstoke, to Basingstoke-based Gazelle Couriers on 14 June.
The receivers were appointed on 13 June and have managed to secure all the jobs at the rescued company.
Nick Hood said: ‘As receivers our emphasis is always on saving the business concerned and protecting as many jobs as possible. This has been a success on both counts and we are confident that the purchase will prove to be a profitable one for Gazelle.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies