Yellow Buses to close
Joint Administrators of Bournemouth Transport Ltd (trading as Yellow Buses) announced that it has not been possible to secure a buyer for its bus operations. Its operations will cease tonight (4 August 2022).
Despite not being able to save the bus side of the business, National Express has agreed to buy the coach operations.
One of the joint administrators appointed for Yellow Buses, Simon Rowe of Milsted Langdon, said: “While we are delighted that the proposed deal will save a significant number of jobs, it is hugely disappointing that we weren’t able to secure the remainder of the business and the jobs attached to it.
“We have informed the staff of the position and I would like to thank all of them for their patience and understanding over the last few difficult days. I would also like to thank the other stakeholders who have offered and given their support, in particular BCP and UNITE, both of whom took an active interest and tried to help us present a vision of a sustainable future for Yellow Buses. “Unfortunately, in the end, the financial challenges which the company faced during its trading life meant that every buyer we spoke to felt that the prospects were not commercially viable.”