Bailey buys out A&P

The Cardiff based Bailey Group has taken full control UK ship repair and marine services business, the A& P Group, for an undisclosed sum. Property developer and entrepreneur Paul Bailey took a 50% stake in the Group in 2006 and has now purchased the remaining 50% held by A& P directors and senior managers. The A& P Group employs 600 staff in locations at Hebburn on Tyneside, Middlesbrough in Teesside, Chatham in Kent and Falmouth in Cornwall.