Motoring website honestjohn.co.uk has been bought out of administration by used car buying platform Heycar.
The deal was led by Miles Needham and Simon Carvill-Biggs, partners at specialist business advisory firm FRP in St Albans, following their appointment as Joint Administrators on January 7th . Terms have not been announced.
The new owner insists that readers of honestjohn need not be alarmed by developments. “The independence and strong reputation has been earned through the years and brings great value – just some of the many reasons that this was such an attractive opportunity” said Matt Moakes, CEO of Heycar UK.
“We will maintain this independence through the formation of a clear editorial code between the two brands, continuing the impartial tone the millions of website visitors and tens of thousands of newsletter subscribers expect. Users of the Honest John forum will not notice any difference.”