On Monday, 17 August, AGM Relocation Ltd. (AGM Group) released the following press announcement regarding the acquisition of Bishop's Move:
AGM Relocation Ltd (AGM Group) is pleased to announce that it has acquired the business and assets of Bishop’s Move, a leading moving services provider based in the UK and Gibraltar.
With a rich 166-year history Bishop’s Move became the UK’s largest family run nationwide removals and storage company. This acquisition sees AGM Group adding to its portfolio of market leading removal and relocation brands.
The acquisition of Bishop’s Move will further expand AGM Group’s service support nationwide within the UK and Europe, this acquisition is a perfect fit to the group’s strategy to meet the diverse needs of their clients.
Effective from the closing date:
- Bishop’s Move will continue to operate throughout their existing branch network within the UK and Europe.
- Clients will have full access to Bishop’s Move services and benefit from all AGM Group brands.
- Service between Bishop’s Move and its clients will continue uninterrupted and will not be affected.
- AGM Group and Bishop’s Move agent partners will be able to benefit from joint Intra UK-EU shipment consolidation moving services.
Paul Evans, AGM Group Chairman & Russell Start, AGM Group Managing Director, commented “We are all very excited about the prospect of aligning the Bishop’s Move brand into the AGM Group of companies. The synergies between our brands are very exciting, with their heritage and commitment to high quality customer service running throughout all the distinctive areas of the businesses. We look forward to welcoming Bishop’s Move to the AGM family as we continue to deliver great service and value to our customers, whatever their moving requirements!”
Alistair Bingle, Bishop’s Move COO, “We are looking forward to working with AGM Group and our new colleagues to continue to provide our clients with the same quality service they have come to expect of us during the long term relationships we have forged with them over the years.”
Emma Thompson, Associate Director at Smith & Williamson LLP and Joint Administrator of Bishops Move commented: “I am delighted that we have been able to successfully sell this long-standing removal and storage business to new owners so that the underlying business can continue and that staff will transfer over to AGM. This is a remarkable outcome in the circumstances we are currently living and working in.
“Following difficult trading conditions over the past few years, Covid-19 proved to be challenging for the company. Restructuring the Bishop’s Move group has allowed the underlying business an opportunity to excel under new owners.
The pre-packaged business sale which we have put together will maximise the financial return to the creditors of the Bishop’s Move group.”
About Bishop’s Move
Founded in 1854 Bishop’s Move has 24 Branches across the UK with 2 European branches, in Gibraltar and Spain.
UK branches: Birmingham, Brighton, Bristol, Bromley, Cambridge, Cardiff, Carlisle, Cornwall, Crawley, Edinburgh, Exeter, Guildford, Liverpool, Luton, Newcastle, Norwich, Oxford, Portsmouth, Surbiton, Swindon, Thames Gateway, Tunbridge Wells, West Midlands and York.
About AGM Group
AGM Group is a logistics and relocation service-based holding company that, via investment and ownership, enables the management and delivery of moving, relocation and storage solutions to the commercial, corporate and private sectors.
AGM Group brands excel by being able to focus and deliver on their unique areas of expertise. All have a strong group wide philosophy for collaboration, and it is the innovation from this collaboration that truly ensures we are ‘Stronger Together’.
For more information visit: www.agm.group
For further media information please contact:
Mark Costa-Rising Chris Marshalll
AGM Group, Sales and Marketing Director Marketing and Corporate Relations
+44 77 6990 5120 firstname.lastname@example.org
You may also download the PDF version of the announcement below.