CTS Rotherham Bought out of Administration

Cash machine installer CTS has been bought out of administration in a deal which will secure 57 roles.

Rotherham-based CTS has been bought by New Wave ATM Installations, a Leeds-based subsidiary of cash machine operator Bank Machine.

CTS was launched in 1996 and had fought with its cost base before being hit by a winding up petition from HMRC in December last year.

If you are faced with a winding up petition or in-solvency Yorkshire call Michael Bell and Co Accountants