Jobs saved as entrepreneur strikes deal for Western Greyhound
By wbchris | Posted: December 10, 2014
A bus and coach industry entrepreneur has announced his purchase of troubled Western Greyhound, saving 133 jobs in the process.
Michael Bishop confirmed this week that he has purchased the entire share capital of Western Greyhound from previous managing director Mark Howarth, his wife Mari and Robin Orbell.
The company which currently carries 2.7m passengers a year in Cornwall and Devon, will continue with 65 buses and 133 employees from its freehold Summercourt depot, together with a small leased outstation at Wadebridge.
Mr Bishop said: “I am so pleased that we were able to work with Mark and his team to purchase Western Greyhound.
“The company has a very exciting future ahead of it and will continue to be a well-respected local independent operator. We have identified areas of the business that would benefit from further development and investment to strengthen the commercial future of the company.”
Western Greyhound was publicly put up for sale a couple of months ago and Mr Bishop will be joined by Adam Smith as general manager, while Mr Howarth will carry on as a consultant to the business.
It encountered difficulties in recent years with massive cuts in concessionary fares reimbursement, a horrific arson attack destroying 35 buses at its Summercourt base, followed by a further fire destroying three buses in Liskeard, and flooding and bad weather during last winter which severely disputed services.
Mr Howarth said: “These have been very difficult times and we apologise for any passengers who have been let down. We now move on and know that many passengers continue to support us as the small local operator and I thank everyone for that.”
Last week Western Greyhound confirmed that Plymouth Citybus had acquired its services in the south east Cornwall area, safeguarding 31 bus driving jobs and continuing to run the Western Greyhound timetables that are currently in place from Monday December 8.
Financial terms for both deals have not been disclosed.