The ongoing saga surrounding the future of Stirling-based Caledonian Marts took another turn with the board of directors revealing that an offer has been made to buy the business.
The offer is under consideration, according to a prepared statement, but there is no indication as to the buyer’s identity.
It could of course be another auction company but those contacted all declined to comment.
There is the possibility that the rescue for the mart has come from parties not involved in livestock marketing.
Caledonian Marts is owed around £4 million by debtors with much of that deemed irrecoverable.
It operates from its own 14-acre site at Millhall, on the eastern fringe of Stirling, and from leased premises near Oban.
The statement said: “The board are considering an offer that has been made to buy the business.
“This offer is subject to ratification and confidentially agreements and the board will give it the necessary time to be considered.
“If the offer is accepted, the business will continue as usual and still be known as Caledonian Marts.
“The share offer that was issued was well supported but ultimately fell short of the target required and as a result will not be utilised.
“The introduction of electronic banking has been well received and allows the company to manage the cash flow and gives added confidence to customers.
“The board would like to take this opportunity to thank all who have shown such strong support over this period and hope they can look to the future with confidence.”