Jobs preserved at Prolog in Sudbury after buyer is found following administration process
The future of at-risk staff at one of Sudbury’s major employers has been preserved, after the administration process led to a buyer being found for the site.
Three of the six sites operated by warehousing and distribution firm Promotional Logistics, which trades under the name of Prolog, have been sold to Prolog Fulfilment, in a sale expected to save more than 330 jobs.
The acquisition, led by former Prolog managers Neil Daniells and Nick Hoare and finalised on Friday, will see the company run two sites in Nottinghamshire, and the contact centre in Northern Road, Sudbury, which employs around 96 people, plus additional agency staff.
Prolog entered into administration in November, following the withdrawal of financial support by a group company.
It continued to trade at full capacity while it was marketed for sale by the appointed joint administrators from Mazars LLP.
This has resulted in the sale of assets to Prolog Fulfilment, which will operate in the e-fulfilment and returns market sectors.
A spokesman for Prolog Fulfilment said: “We are really excited by the opportunities ahead to build a company renowned for flexibility, with a can-do attitude for providing solutions that support our clients’ growth in this difficult market place, while being an employer of choice for our local workforce.”
Rebecca Dacre, one of Mazars’ administrators for Prolog along with Simon Chandler, added: “I’d like to thank all of Prolog’s employees for their huge dedication despite challenges and uncertainty, as well as the support of the company’s customers, who have remained loyal throughout this process.
“We are working hard to secure the future of the business, and to protect as many jobs as possible in the coming weeks.”
The announcement provides some reassurance to employment in Sudbury, at a time when discussions remain ongoing around the future of hundreds of jobs at the Delphi Diesel Systems factory in Newton Road, which is earmarked for closure next year.
At its peak, Prolog employed 400 people at its former office in North Street, which was sold last year, after staff relocated following 20 years based there.