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Merseyside jobs saved after ambulance firms sold.
Summary
A pre-pack sale finalised on February 6 preserved more than 375 jobs across Spark Medical and Medi 4 Ambulance Services, and the buyer has not been disclosed.
Content
More than 375 jobs at a cash-strapped Merseyside ambulance services group have been preserved after a sale of two businesses. The firms involved are Bromborough-based Spark Medical and Medi 4 Ambulance Services, which had faced pressures on cash flow. RSM advised on the rescue and made a creditors' administration application on January 19. A pre-pack sale was finalised on February 6 and the buyer has not been publicly identified.
Key facts:
- More than 375 jobs were at risk across Spark Medical and Medi 4 Ambulance Services.
- Spark Medical employs 97 people directly and operates up to 50 medical vehicles a day.
- Spark Medical bought Medi 4 Ambulance Services last August; Medi 4 provides patient transport services across the south of the UK.
- RSM advised on the transaction and named Lee Lockwood and James Miller as proposed administrators after the January 19 administration application.
- A pre-pack sale of the two businesses was completed on February 6; the purchaser has not been disclosed.
- Spark Medical's abridged accounts to March 2024 show fixed assets of £2.2m and shareholders' funds of £911k.
Summary:
The sale preserves operations that supply NHS services and keeps hundreds of roles in the local community. The identity of the buyer and formal updates to Companies House remain undetermined at this time.
