Belwood Trees is back, renamed as Bellwood Trees.
Two companies have bought the Scottish tree nursery from the receiver Ernst & Young for more than £1.5 million. General manager Craig Wemyss is one of four former staff to be re-employed after the Perth-based auctioneer/storer/hirer Morris Leslie Group (MLG) and North Yorkshire-based recruitment agency Speirhead bought
the company “to be restored as a going concern”.
The Perthshire company was in receivership owing £3.5 million (HW, 3 June). The nursery was in danger of being ploughed up but will now operate as Bellwood Trees, scaled down but at the same premises and with the same contact details and logo. Wemyss said Belwood’s creditors are still being dealt with by the receivers.
Speirhead owner Tom Speir said his first priority was to get the business “back up and running”.
MLG will develop seven to nine existing farm buildings for housing and hopes to build two more on the 150,000-tree, 124ha site.
Wemyss said the new owners had “100 per cent commitment” to the nursery. He added: “They have injected fresh cash and are pushing the company forward for a brighter future.” He said the new seven-employee team had been contacting former customers and the result had been “more positive than anticipated”.
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