Absolutely: Sale of Passenger Transport Business

LONDON--(BUSINESS WIRE)-- Absolutely, one of the UK’s longest established courier companies, announces the sale of its Passenger Transport Division, operated under the Absolutely and Creative Cars brands, to Excel Executive for an undisclosed sum.

The Board of Directors has decided to accept an unsolicited offer from Excel Executive to purchase the Passenger transport division of Absolutely.

Excel Executive is a large and established, London based, private car hire company, which specialises in business transport, chauffer services, airport transfers. Excel, like Absolutely, also focuses on supporting the TV and film industry.

Excel Executive has a wealth of experience and expertise in this sector. The Managing Director, Gregory Hoy, having sold his courier business a year ago is now focusing on passenger cars. He is committed to the continued development of innovative, new software for the fast-changing passenger car market.

In accordance with TUPE regulations employees of the Company’s Passenger Transport Division will automatically transfer across to Excel and a consultation process will commence shortly.

Commenting on the transaction, Jeremy Thompson, Managing Director of Absolutely said:

“The decision to divest our interests in the Passenger Transport business will enable us to focus our efforts on growing our very successful B2B courier business. Excel Executive has a wealth of experience and expertise in the passenger car market, is investing heavily in its operations and therefore is an ideal purchaser for this part of our Group.”

Gregory Hoy, Managing Director of Excel Executive added:

“We are delighted to be acquiring the Passenger Transport Division of Absolutely. As a specialist provider of chauffer and passenger transport services, we are committed to upholding the same high standards of service as Absolutely. This acquisition will enable us to immediately up-scale our operations to compete more effectively and win new business with large clients in London.”

About Absolutely
Absolutely is a family run business with a heritage stretching back to 1865. Across its courier operations, the Company employs c.100 people from 3 London locations. Absolutely now comprises over 250 couriers and more than 5000 corporate accounts ranging from well-known fashion brands to law firms.

The Company provides the following services:

  • Same day delivery
  • Next day delivery
  • International delivery

Further details on Absolutely can be found on: www.askabsolutely.com

About Excel Executive
Excel Group Services Limited was founded in 1992 and originally operated as a Courier Company, it was actually the first company in the UK to offer it's corporate clients online booking. In 2007 based on customer demand the company took on a fleet of executive cars and over the next ten years the Private Hire business developed a reputation among some of London's largest Brands for providing a consistently reliable and personal executive service. In 2016 the courier side of the business was sold enabling the directors and management team to form Excel Executive Limited. This allowed full focus on expanding the company combining the experience and customer ethic the business had developed with cutting edge technology.

Further details on Excel can be found on: www.excelexec.co.uk

View source version on businesswire.com: http://www.businesswire.com/news/home/20171011005087/en/

For Absolutely
Richard Darby/ Catriona Flint/ Henry Wilson
Tel: +44 (0)207 466 5000
For Excel Executive
Gregory Hoy
Tel: +44 (0)207 536 0003

Source: Absolutely