Administrators sell cabin firm for £6m

BLAIR Nimmo and Gary Fraser of KPMG Restructuring, joint administrators of Addacabin, have sold the business and its assets to Wernick Hire for more than £6 million.

Based in Glenrothes, Addacabin hires out cabins to construction companies and local authorities. Overall it has 2,387 units for hire.

All 16 staff have been transferred to the new owner.

The acquisition builds on Wernick's presence in Scotland, adding to its 52 Scottish employees and offices in Dundee, Glasgow, Lochgelly, Nairn and Paisley.

KPMG was appointed as administrator on 17 February.