British United Shoe Machinery Co Ltd (BUSM) is now out of receivership. Despite interest from prospective buyers, a management team led by Roger Earl, David Evans, Eddie Lansdown and Richard Scowen, has purchased the assets of BUSM and Samco-Strong Ltd, from the administrative receivers. The team believes it has a company built on a solid financial basis and says it is now ideally placed to maintain the company's position as a leading supplier of products and services to the world's shoemakers.