News: Jobs secured in Sekure takeover
Sekure Europe Ltd, a security firm in Rotherham has been sold to Independent Contractor Security Ltd of Chesterfield in a deal that has saved around 70 jobs.
Trading from Badsley Moor Lane, the company entered administration in March. Chris White and John Russell, partners at The P&A Partnership, were appointed joint administrators and the sale followed a two-week race to find a buyer for the struggling business.
The company, previously known as Elite Contract Security Limited, provides security services to local authorities, schools and local businesses.
Chris White, partner at The P&A Partnership, said: "Sekure Europe ran into cashflow difficulties earlier this year. We are pleased that a buyer has been found so quickly to save jobs and keep the business going."
Ian Maycock, director of the Manchester office of Charterfields, which was appointed by P&A to sell the business, said the team had identified and contacted a range of potential buyers. "The operation had to be completed within a very short timescale and conducted in complete confidentiality so as to maintain customer confidence and secure the work already in place.
"Negotiations were conducted with two interested parties, with Independent Contractor Security considered the one offering the best prospects for the business and its employees. The whole operation, from search to sale, was completed in just two weeks. We are delighted to have found a buyer to save the business and the jobs of the staff."
Independent Contractor Security Ltd website
Trading from Badsley Moor Lane, the company entered administration in March. Chris White and John Russell, partners at The P&A Partnership, were appointed joint administrators and the sale followed a two-week race to find a buyer for the struggling business.
The company, previously known as Elite Contract Security Limited, provides security services to local authorities, schools and local businesses.
Chris White, partner at The P&A Partnership, said: "Sekure Europe ran into cashflow difficulties earlier this year. We are pleased that a buyer has been found so quickly to save jobs and keep the business going."
Ian Maycock, director of the Manchester office of Charterfields, which was appointed by P&A to sell the business, said the team had identified and contacted a range of potential buyers. "The operation had to be completed within a very short timescale and conducted in complete confidentiality so as to maintain customer confidence and secure the work already in place.
"Negotiations were conducted with two interested parties, with Independent Contractor Security considered the one offering the best prospects for the business and its employees. The whole operation, from search to sale, was completed in just two weeks. We are delighted to have found a buyer to save the business and the jobs of the staff."
Independent Contractor Security Ltd website
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