PKF Smith Cooper has successfully advised on the sale of the business and assets of Martyn Barratt Transport Limited, securing the future of the business and safeguarding all jobs.
The business had been affected by sustained cost pressures, including increases in the National Minimum Wage, National Insurance Contributions and vehicle operating costs, alongside the owner’s planned retirement. By engaging our team at an early stage, the shareholders were able to explore their options and implement a solution that preserved the business as a going concern.
The business and assets were acquired by Zero Degree Logistics Ltd, part of the ‘On the Rocks’ group, a leading UK frozen food and wholesale ice cream supplier serving cafes, shops and restaurants nationwide. The transaction ensures continuity for customers and provides a strong platform for future growth under new ownership.
Magnus Windsor, Founder of On the Rocks, & Amit Sharma Director at On The Rocks commented: “We are delighted to welcome Martyn Barratt Transport into the group and look forward to working closely with the team, customers, and suppliers to build a sustainable and successful future.”
Dean Nelson, Business Recovery and Restructuring Partner, commented:
“We are delighted to have secured such a positive outcome for Martyn Barratt Transport, protecting all jobs and ensuring the business continues to trade successfully. This transaction demonstrates the value of taking proactive advice when facing financial or operational pressures. By acting early, the owners were able to protect the workforce, preserve the business, and secure a strong future under new ownership.”
Our team worked closely with Martyn Brierley of Flint Bishop, who acted on behalf of the sellers, and Su Garner of Freeths, who advised the purchaser. The combined efforts of all advisers were integral to the successful completion of the transaction.
