Metrocab sold to European group
After weeks of negotiations, receivers at Leonard Curtis & Co have sold Metrocab, the taxi manufacturer and distributor, to Kamkorp Europe Limited for an undisclosed sum.
The buyers will retain the 20 people currenly employed at Metrocab and Hooper Metrocab, its manufacturing site in Tamworth and its dealerships in Kilburn and Manchester.
According to the receivers, Kamkorp is planning to hire new staff at all three sites.
Keith Goodman, one of the receivers, said news of the sale of the basing business was good for the motor industry and the taxi cab trade. ‘We have alsways believed that this business has a viable future and we look forward to seeing the belief confirmed,’ he added.
The receivers have been operating ‘a skeleton’ business since Metrocab went into receivership in January due to difficult market conditions in the taxi cab business last year.
The company has sold 60 new and used taxis in London and Manchester in that time.