Possibles: -
Manchester Airport group M90 1QX
Jim Stones
Go Goodwins
(Frantic denials to follow!)
In addition to the Acquisition and the Proposed Acquisition, the Company is exploring other acquisition opportunities, including a further strategic acquisition in Manchester and an airport based hotel bus business.
Opportunity A
-- A further strategic acquisition in Manchester that
could increase Rotala's bus capacity to 200 vehicles, representing approximately 10 per cent. of the local market
-- Cost of acquisition expected to be approximately GBP4.6 million, (financed through equity and debt)
-- Estimated revenue and EBITDA contributions of GBP11.0 million and GBP0.9 million in the first full year following completion of such acquisition
Opportunity B
--
Acquisition of airport based bus business
-- Common customer base with existing business
--
Would use existing spare depot capacity and overhead
-- Cost of acquisition expected to be GBP2.2 million, (financed through equity and debt)
--
Historic sales and EBITDA of GBP6.1 million and GBP0.5 million*
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For me (pure guesswork Only) using the above extracts:
Proposed Acquisition = Go Goodwins (Little Gem Bus Company) - A separate Limited company was only set-up for Little Gem as recently as end of June, legally separating the two.
Opportunity A = Arriva NW (Wythenshawe & Bolton depots). Atherton has an allocation of 60, new proposed acquisition is 18 = 78. 122 vehicle Manchester based bus business required. Rosso to March 2016 had turnover of £9.5 Million & falling unless they've grown turnover 20% to the £11 Million in the past, I think they can be ruled out.
Opportunity B = One description say an 'Airport Based Hotel Bus Business', 1. Rotala has an existing base at Heathrow. 2. Not many Hotel bus businesses around with a £6 Million turnover. Therefore, my monies on NX Hotel Hoppa plus possibly the BA Shuttle work that NX won off Rotala in 2015. NX already sold Airlinks to OFJ last year / c2c this year, so are not afraid to make disposals.
Happy to be proven wrong!
