MOORFIELDS ADVISORY SECURE SALE OF SURVEYING PRACTICE RESCUING OVER 70 JOBS.
Moorfields Advisory are pleased to have secured the sale of RVA Surveyors Limited saving over 70 jobs.
Established in 2010, RVA Surveyors Limited was based in Manchester and specialised in the field of business rate reductions on a national scale. Unfortunately the company suffered as a result of the impact of Covid restrictions, legislative changes and delays to the 2022 revaluation cycle due to COVID-19.
Following an extensive marketing period the administrators secured a pre-pack sale of the business to Business Rates Hub on the 1 June 2023. The sale secured the jobs of over 70 employees.
Mark Delaney, Partner at Moorfields said “We are delighted to have found a buyer for the business, securing the future employment of all staff. The purchaser has secured new investment and funding which should enable the business to not only recover but to grow. The business has an established reputation and we wish them every success in the future."
Purchaser Steve Hughes, Director at Business Rates Hub Ltd commented, “We are looking forward to building on RVA’s long history of delivering great service in reducing business rates liabilities for its clients. Retaining all the highly experienced staff will allow us to support companies in reducing their overheads and repatriating overpaid business rates at time when it is needed more than ever”.”
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Moorfields Advisory Ltd is one of the UK's leading boutique firms of restructuring and insolvency specialists. The highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high-quality advice to companies and their stakeholders in financially distressed situations.
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