Trilogy Logistics has bought the business and assets of Circle Express out of administration saving all 158 jobs at the UK logistics firm and bringing it under new ownership.
Circle Express appointed Dean Watson and Paul Stanley of Begbies Traynor as Joint Administrators on 19 December.
The Administrators immediately sold the business and assets and as part of the transaction, all employees transferred over to the new owner. There was no disruption to business services allowing customers to be serviced and employees paid on time.
The Administrators were supported in the transaction by Browne Jacobsen and Eddisons.
Craig Mills, Managing Director at Trilogy Logistics Ltd, said:
“Getting this deal completed quickly and ensuring that employees were paid on time was very important to us. Circle Express has a good reputation in the industry and may have run into financial difficulties, but with some restructuring of its activities, it has the ability to be a successful business the future supporting continued employment.
“The business, and its talented employees, have the potential to thrive and we aim to help them do that as part of Trilogy Logistics. We are now looking forward to creating a bright future for the business and workforce in 2026.”
Dean Watson, Partner at Begbies Traynor, said:
“Circle Express was long established, but it fell into financial difficulties and had to be placed into administration. The directors of both Circle Express and its new owner made it clear they wanted to see the employees and their wages protected, therefore we needed to act quickly.
“Working under strict deadlines we were grateful to get this transaction completed before entering the Christmas period.”
