Martyn Barratt Transport sale secured by PKF Smith Cooper experts

Dozens of jobs have been saved by the sale of a struggling 40-year-old haulage business in Nottingham. The future of Martyn Barratt Transport was secured via a sale overseen by PKF Smith Cooper.

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Established in 1985, Martyn Barratt Transport 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. As a result, the firm had recently filed court documents which indicated administrators were going to be appointed to try and save the transport firm.

However, the business and its assets have now been acquired by Zero Degree Logistics, securing its 40 jobs. The new owner is part of the On the Rocks group – a UK frozen food and wholesale ice cream supplier that serves cafes, shops and restaurants nationwide.

Magnus Windsor, founder of 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.”

By engaging PKF Smith Cooper at an early stage, the shareholders were able to explore their options and implement a solution that preserved the business as a going concern.

PKF Smith Cooper advised on the sale of the business and assets, working 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.

Dean Nelson, partner at PKF Smith Cooper, added, “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.”