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21 July 2025

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Mouchel sells rail business for £3.4m

19 Oct 11 Troubled consulting group Mouchel has sold its rail business for £3.4m in cash to Australian operation Sinclair Knight-Merz.

The deal is expected to be completed by the end of the month with the cash being used to help pay off debt.

Mouchel has had a difficult few weeks after a £8.6m black hole appeared in its accounts, .

Grant Rumbles, appointed as new Mouchel chief executive last Friday, said: “The sale of Mouchel Rail is a key step in our strategy to focus on Mouchel’s leading positions in core markets.

“We wish the rail business and its employees every success in the future.â€

Rumbles succeeded Richard Cuthbert as chief executive, with David Sugden appointed interim after predecessor Bo Lerenius resigned.

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