The administrators of Greater Manchester hire firm, Pro-Motion Hire say all 28 jobs have been saved.
The company which specialised in hiring camera and lighting equipment to the creative industry went into administration at the start of the month.
The joint administrators from Quantuma said it has been sold to London-based Pixipixel Rental limited
“Pro-motion Hire is a high quality and well-established business which suffered a significant reduction in trade during 2020 as a direct result of the Covid pandemic. A number of large customers put trading on hold whilst they followed the work from home guidance,” said Joint administrator Andrew Watling.
“The business was slow to recover as lockdowns were lifted, and has continued to struggle through 2022, exacerbated by a heightened period of slow trade through school holidays and has been further impacted due to unforeseen events including industrial action and adverse weather conditions all reducing filming requirements.
“The joint administrators are delighted to have secured a sale for the business, which not only saves all 28 jobs, but which also represents an excellent outcome for all creditors.”
Founded in 2005, Pro-Motion Hire operated out of The Sharp Project in Newton Heath and Brentford in West London. It posted a turnover of £2.6m in December 2022 – a decline from 2021.
