Tills Access Back on the road
The GT Access business has largely completed the restructuring process that began at the end of September, when the company went into Voluntary administration (See Vertikal.Net September 24th).
The assets of Geoff Till accessLtd, including the goodwill, have been purchased by GT Access Ltd led by Jonathan Till. GT Access has been used for some time as the trading name for the Tills access business.
As of today the new company has just over 300 platforms in its fleet and all of the Till depots are up and running as part of the new business. GT Access is still negotiating with the finance companies involved for the remaining units from the Geoff Till fleet. Prior to going into Administration, Geoff Till Access was 19th in the Cranes&Access UK/Ireland Top 20 access rental companies with 425 units.
Jonathan Till told Vertikal that he was sorry to have had to go through the restructuring process, but that the outcome has succeeded in maintaining the vast majority of the employee’s jobs while providing many of the company’s suppliers and funders with an ongoing business to work with.