11.12.2009

Access Alliances

We ran a story yesterday on the first meeting of a new UK grouping of independently owned access rental companies who have formed under the Access Alliance banner.
Click here for original report
This morning we had a letter from Ray Ledger chairman of Kimberly Access, one of the UK’s larger powered access rental companies pointing out that his company had registered the name Alliance Access Group Ltd earlier this year.

The name has been registered in order to become the vehicle for acquiring local or regional companies that might be open to selling up during 2010. The letter from Ray Ledger sums up the situation far better than we can. Here it is in full.

“Dear Leigh

I note the news item and whilst we have no wish to be awkward for its own sake we need to point out that earlier this year Kimberly Access registered a business name at Companies House i.e. The Alliance Access Group Ltd. We did this for the very specific reason that it is our short term strategy to make acquisitions in the powered access rental sector and those acquired businesses would retain their identity, culture and management (where possible) but be wholly owned subsidiaries of The Alliance Access Group Ltd as indeed would Kimberly Access Ltd.

This is a well thought out strategy which has been the subject of detailed discussion with our major shareholder Lloyds Development Capital the private equity arm of the Lloyds Banking Group.

Regards

Ray Ledger
Chairman
Kimberly Access Ltd”