Carlson Vehicle Transfer, part of Groupe Cat, has bought some of the remaining assets of Quantum Automotive out of administration.
Quantum appointed administrators Simon Plant and Daniel Plant of SFP on 31 January just days before the assets of sister-firm Sensible Transport were acquired by Autologic after it fell into administration with debts of almost £1m.
Stuart Warren, MD of Carlson, tells CM.com: “We bought a few remaining assets ad we are looking to take on a contract with one of their remaining clients.”
CM.com understands that the remaining assets have been used to pay back creditors.
SFP says Quantum – which had a turnover of approximately £2m per annum - entered administration after it experienced financial difficulties leading to debts of more than £2m.
The difficulties were blamed on issues with Sensible Transport resulting in the loss of a major contract with Toyota.
Toyata had appointed a two-year contract to Quantum for 50,000 vehicle deliveries in November 2011. The contract was reverted back to Autologic as Sensible entered administration – with Autologic buying Sensible’s assets out of administration at the same time.
Simon Plant adds: “While certain parts of the automotive sector are holding up surprisingly well – especially niche component manufacturers – there is increasing competition within automotive services and distribution.
“Quantum is an established brand that has simply run out of cash.”
Quantum was headquartered in Almondsbury, Bristol, and had a site on the Ashmore Trading Estate in Runcorn, Cheshire.
