Seventy jobs saved at livestock auction
All 70 full-time and part-time staff at a livestock auction business have been saved after the business was prevented from going into administration.
Cumberland & Dumfriesshire Farmers Marts PLC (C&D) has been sold by joint administrators Russell Cash and Ben Woolrych for an undisclosed sum.
C&D operates livestock auctioneering markets at Longtown and Carlisle. The Longtown business boasts the accolade of being Europe’s largest sheep market.
“The deal is a great result for the farming communities in the Borders as it preserves a fully-resourced local livestock auctioneering business and secures a large number of rural jobs,” explained Cash.
“The new owners have been hugely supportive and we wish them every success with their plans to develop the business.”
Cash also thanked Barclays Bank for its continuous support in a difficult situation.
John Thomson, a director of Thomson, Roddick and Laurie, will be leading the company through its early stages, alongside his brother Stuart. He said: “We are delighted to have acquired C&D’s business, which provides a vital livestock auctioneering and land agency facility to the farming community.
“We will be busy from day one, continuing and further developing the busy sales programme with the help of the existing staff team and we will, of course, be working hard to ensure that we continue to enjoy the support of the agricultural community.”
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- Cumberland & Dumfriesshire Farmers Marts PLC
- Russell Cash
- Ben Woolrych
- Barclays Bank
- John Thomson
- Roddick and Laurie
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