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Park Logistics - Creating supply Chain Solutions

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"Business as usual" for OSE European

  • 16 October 2012
  • By Ashleigh Wight

UK and European road transport company OSE European has said it is business as usual after a management buy-out that took the firm out of administration.

It had appointed joint administrators Julie Swan and Mark Phillips of PC Recoveries on 28 September to help get the company back on track.

Swan told CM that the business and its assets have been sold, but did not name the buyer.

Subsequently OSE European director Tony Jurczyk has confirmed to CM.com that the firm has continued to trade as usual through the process, with no detrimental effect to staff or clients.

The management buy-out had been conducted on the same day as the administration.

OSE European provides road haulage throughout the UK and Europe from its offices in Newcastle-upon-Tyne and Veurne, Belgium.

Starting out as a Newcastle-based scooter courier service, the company has an O-licence to run eight vehicles and two trailers.

It delivers for customers all over the Continent, including routes into Italy, Turkey and Russia.

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Article source: http://www.commercialmotor.com:80/latest-news/ose-european-goes-into-administration