More than 30 jobs have been saved after the assets and business of a long-established West Country legal practice were sold by administrators.
Eastleys Solicitors – who have offices in Paignton and Brixham – will continue to trade after a sale out of administration was arranged by business recovery specialists Begbies Traynor.
The move means the jobs of 33 employees and two partners have been secured.
The firm of solicitors, which had a turnover of £1.2million in 2011, specialises in private client work as well as property conveyancing, civil and commercial litigation, as well as family and children work.
Antony Fanshawe, a partner at Begbies Traynor’s Southampton office, which arranged the sale, said the immediate concern had been to secure the jobs of current staff.
“Whilst the business had run into financial difficulties, we wanted to ensure we secured the jobs of staff and put arrangements in place to enable what is a long-standing practice to continue to undertake its work. A sale out of administration was the best solution for the business and for those working within the firm.”
The business and assets of Eastleys have been sold to a limited liability company called Recompense.
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