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Hazlewoods advise on the sale of Countryliner Group

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16 December 2009

The Gloucester based Corporate Finance Team of leading firm of business advisers and chartered accountants Hazlewoods LLP, led by Partner Paul Fussell, has recently advised on the restructure of the Countryliner Group and subsequent investment by Merchant Corporate Recovery.

Bob Hodgetts, managing director said: “We are pleased to have secured investment by Merchant Corporate Recovery and look forward to working with them to grow the Group over the next few years. The transport industry has suffered in recent months due to the economic slow down. The investment by Merchant Corporate Recovery has significantly strengthened the Group’s financial position”.

Paul Fussell said: “Hazlewoods have acted for the Countryliner Group for a number of years and are pleased to continue to act for the Group following the sale. Following the investment by Merchant Corporate Recovery, the directors (who hold a stake in the Group) have increased working capital to manage and grow the business and, as such, view the future with optimism. We are delighted to have worked with Bob and look forward to assisting him with the Group’s growth plans over the coming years”.

For further information on this press release, please contact Paul Fussell at paul.fussell@hazlewoods.co.uk