Turnaround investor Endless has bought one of the UK’s leading vehicle converters.
The Leeds-based fund today announced the deal to buy Oughtred & Harrison (O&H), with the promise to refinance the group and inject additional working capital.
O&H was established in 1988 and specialises in converting vehicles into ambulances and other types of wheelchair access transport. The company is based in Goole, East Yorkshire with 234 employees. It has 13 main customers that comprise public and private ambulance trusts as well as local councils.
Endless - one of the potential bidders for Tata Steel - focuses on business investments where it believes operational improvements can be made.
Companies House filings indicate that the O&H Board is made up of members who joined during 2015. Michael Oughtred resigned as a Director on 1 July with Paul Harrison having resigned in 2008.