Begbies Traynor were appointed as Joint Administrators of Module-AR Limited in late October and sealed the sale of the £30m turnover company last week.

The buyer’s identity was not revealed but the Enquirer can confirm it was healthcare mobile and modular buildings specialist Vanguard.

The deal sees Vanguard take on Module-Ar’s 100,000 sq. ft. manufacturing facility in Hull.

CEO of Vanguard, Chris Blackwell-Frost, said: “This strategic investment allows us to add much needed capacity to our temporary and permanent modular space production capabilities through its large and well-established factory in Hull and experienced and highly-skilled team.

“This will undoubtedly complement and enhance the services and products we already offer for our customers.”