Home > Europe > United Kingdom
Related topics: United Kingdom,Agency category, UK & Ireland
March 9, 2015
| by:

UK: MotivAction Purchase Leads to £100k Investment




MotivAction has been given a £100k injection following its purchase by MTravel Solutions LTD.

The purchase has led the investment, after the group entered into a Company Voluntary Arrangement (CVA) to clear £500k of debt last year.

A MotivAction team spokesperson said: “The assets of MotivAction Group & MotivAction Holdings, which went into a CVA last February were subsequently purchased last October by MTravel Solutions Ltd, an ATOL bonded company also trading as MotivAction since 1995. 

“This has involved substantial new investment from two former managers who now own the business and is part of rationalising the group for the benefit of all stakeholders. As part of this the MotivAction name has transferred to MTravel Solutions LTD.”

No jobs have been lost as a result of the purchase. Emma Massie, who worked for MotivAction from 1990 to 2009, is the lead purchaser of the business and has invested in excess of £100,000.


Read more at MeetPie.com...
 


What do you think of this $type?
 

About the Author: CAT Publications



PUBLISHING PARTNERS

 

GLOBAL ASSOCIATION PARTNERS

GLOBAL EVENT PARTNERS

   IT&CM China  Caribbean Meeting Incentive Travel Exchange      Gulf Incentive, Business Travel & Meetings Exhibition EIBTM IBTM IMEX America  IT&CMA IT&CM China IT&CM India Conventa BTC convene  cventMBTMMA 2013 COCAL 

GLOBAL AGENCY PARTNERS                                                                                           OFFICIAL TRADE SHOW PARTNER FOR THE UK MEETINGS MARKET 

MCI Ovation Euromic