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Social enterprise sold in £15.3m deal
By Nick Cater, Third Sector Online, 9 June 2008
Construction and council services company May Gurney has bought ECT Recycling from the ECT Group, which runs Ealing Community Transport.
May Gurney paid for £3.4m for ECT Recycling , but the deal is worth £15.3m to the new owner because it will take over almost £11.9m in debt and hire purchase liabilities. ECT Recycling, which has waste contracts in London, Somerset and elsewhere worth £175m, is a community interest company...
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