Originally Posted by
PEASACAKE
Not £3 million..............
Helihub states in the link above:
The Group has acquired the trade and assets of Specialist from FRP, the appointed administrator for a consideration of £280,000.
Whilst Specialist has been loss-making historically.
It will be interesting how the new owners can turn the company around and become profitable when non of the former owners could.
I am not sure the statement that the company has been loss-making historically is correct. It does not tie up with the published accounts filed with Companies House, which show that the company generated a profit up to 2019 when the ex-FlyBe management team took over.