FIFTY seven jobs have been saved after a Yorkshire company that specialises in installing cash machines (ATMS) was bought out of administration.
Rotherham-based Complete Technical Services (CTS) has been sold to New Wave ATM Installations for an undisclosed sum.
Lindsey Cooper and Russell Cash of Baker Tilly Restructuring and Recovery were appointed as joint administrators on Wednesday.
Ms Cooper said: “We are extremely pleased to have concluded the sale.”
In a statement, Baker Tilly said: “CTS, which was established in 1996, had suffered in recent years from the effects of the maturing ATM market and, despite efforts to restructure its cost base, was issued with a winding up petition by HMRC in December.”
New Wave is a subsidiary of Bank Machine, the UK’s largest independent ATM operator, which has offices in Leeds and Hatfield.
Bank Machine is a subsidiary brand of Cardtronics, a company which manages self-service financial kiosks.