Wednesday, December 7, 2011

Mainland Plant Looks Forward To A Positive Future Under İts New Owner

The plant hire division of the Mainland Construction Group has been saved - less than a week after Bridge Business Recovery, joint administrators of the company, set out to find a buyer. The fast-paced sale will see the new entity trading as Mainland Plant.

“We are delighted to have found a buyer for the plant hire side business of Mainland Construction in such a short time,” says Matt Evans, Partner with Bridge Business Recovery. “It is encouraging that, in these challenging economic times, this part of the business has been saved – as have the jobs of everyone working there.”

Founded over 20 years ago, until recently Mainland Construction Group employed over 150 people across three main areas – construction, civil engineering and plant hire from its base in Northamptonshire. While the construction and civil engineering divisions of the company have been closed and the contracts sold as a result of the administration, its plant hire operation continued to operate.

Mainland Plant operates a wide range of equipment from five tonne mini diggers to 40 tonne excavators and dozers. It has a policy of using the latest machinery available, the majority of which is new or under two years old, and comes either with a CPCS trained operator or as a self-drive option.

“Like many companies operating in construction, Mainland has struggled financially in the wake of the general economic slowdown, resulting in the closure of several areas of its business,” says Matt Evans. “However, its plant hire division has continued to operate as normal and, under its new owner, can hopefully look forward to a positive future.”

Launched earlier this year, Bridge Business Recovery specialises in providing hands-on, pragmatic solutions to business reviews, corporate restructurings and insolvency assignments across a wide-range of sectors. It currently has offices in London and the South East and employs in excess of 25 people.


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