Qwerty133
Established Member
Are "W" reg buses "scrap"?
these ones are yes they are always breaking down
Are "W" reg buses "scrap"?
http://online.hemscottir.com/servle...87438738&ir_client_id=2899&transform=newsitem
http://online.hemscottir.com/servle...90302980&ir_client_id=2899&transform=newsitem
FirstGroup PLC Disposal
TIDMFGP
FIRSTGROUP PLC ("The Group")
Disposal in UK Bus
Sale of Birkenhead and Chester bus businesses
As part of the Group's stated strategy to reposition its UK Bus division to
focus on those areas that offer the greatest potential for growth, we are
pleased to announce the sale of our Birkenhead and Chester bus businesses to
Stagecoach Group plc for a consideration of GBP4.5m. On completion of the sale
our Birkenhead and Chester bus depots as well as a leased outstation in Wrexham
and around 110 vehicles and approximately 290 employees will transfer to
Stagecoach.
Commenting Giles Fearnley, First's Managing Director, UK Bus said:
"Birkenhead and Chester are businesses where we have previously seen lower than
average margins and they are not core to our operations. They fit better with
Stagecoach's existing portfolio in the area and also allow us to realise
efficiencies in support costs. The sale of these operations marks further
progress in disposing of selected assets and businesses as we review the scope
and scale of our portfolio and reposition it for the longer term. We are
progressing our detailed programme to recover performance and equip our UK Bus
business to achieve sustainable revenue and patronage growth."
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Stagecoach Group plc
Acquisition of bus operations in Merseyside, Cheshire and North Wales
Stagecoach Group plc ("Stagecoach") is pleased to announce that Glenvale Transport Ltd, a wholly owned indirect subsidiary of Stagecoach, has agreed to acquire certain businesses and assets of subsidiaries of FirstGroup plc ("First") for a consideration of £4.5 million.
The businesses being acquired operate commercial and tendered bus services in Chester, Wrexham and Birkenhead, employing approximately 290 people.
In the 12 months to 31 March 2012, the business had revenues of £11.9 million, EBITDA of around £1.7 million and an operating profit of around £0.6 million.
The purchase includes around 110 vehicles, as well as the owned depot site at New Chester Road, Rock Ferry, Birkenhead; the owned depot facility at Liverpool Road, Chester; and a leased out-station facility at Rhosddu Industrial Estate, Rhosddu, Wrexham.
The acquisition will allow Stagecoach to expand its successful bus operations in the North West where our Merseyside and South Lancashire business already operates more than 300 buses and employs more than 900 staff.
The operations will become part of Stagecoach Merseyside and South Lancashire, which carries 33 million passengers a year and is led by Managing Director Elisabeth Tasker.
Staff will transfer to Stagecoach's Glenvale Transport Ltd business under TUPE arrangements.
Stagecoach expects the acquisition to be completed in December 2012 or January 2013.
Les Warneford, Managing Director of Stagecoach UK Bus, said: "This acquisition will extend our operations in the north west of England, particularly in Merseyside. We believe there is significant scope to develop these businesses and improve their financial performance by investing in the quality of the bus fleet, as well as offering customers our good value fares and attractive network tickets."
Another WEEK and something have changed, New movements etc, which could change the outcome.
* First in Northampton: Evans
Its 7/4 for it to be left until next years now :
* First Edinburgh: Spilt: The odd have gone up, its now looking unlikely at this moment to be getting sold off BUT its big but:
* Musselburgh EVANS: is stilled believed to be getting closed down, whether it happens any time soon is a different kettle of fish.
* Livingston: 11/8.
* Scottish borders: 20/1
* Larbart and Stirling: 25/1
* First Chester & the Wirral, 11/4
No sign of this getting sold of either this time and with stagecoach splashing the cash in Manchester and having to deal with the OFT/CC I doubt there will got for Rock ferry at the momment. Next Q who would then want Chester depot? NO PROFIT and fighting with Arriva, could Arriva buy it if there could prove first chester depot is in the red? meaning it could not operate for long?
* Lea Interchange: 5/1
It’s gone very quiet on the London depots who would want to buy this? First would still hold 5 depots in London if this and Dagenham were sold, would there still be able to operate a good share holding?
* First Ipswich 12/1 New entry, Not big depot but also its somewant out of the way. First is the underdog but is trying to fight but not having much luck. maybe getting some cash and disappearing could help the town get better network.
* First York: 40/1
* Redditch and Kidderminster 40/1
* First Cornwall 45/1
* First Leicester 50/1
Aberdeen 100/1
Maybe next week we will see some change but I have a feeling we will not see anything moving forward in this department until the new year. I thought first would have made more progress then just ONE company.
This is dangerous game stagecoach has played. Will the oft/cc allow all three to get sorted?
I get the feeling, touch wood that any more sell off will not included Stagecoach.
Stagecoach Midlands has a big slice of the routes in Northampton and several ex-First services have moved to Stagecoach not too long ago, I wonder if the all of the remaining First Northampton routes will eventually be hoovered up by them?, hence the delay in making any announcements?
The only thing that would change that is if Uno registered over them first or bought a part of the operation. But then Stagecoach would probably go into all out total war mode so either way this is what I see happening. Will be interesting to watch it play out though!
Hence the all-too-regular occurrences of vehicles on routes that their size is not appropriate for (one way or the other). This, if anything, is a serious flaw in the company that needs to be addressed sooner rather than later...
First Manchester are introducing new significant fare deals from 18 November.
There will be new day and week tickets covering parts of the area.
One covering the area inside the M60 and another covering Oldham borough, with an extension along the Oldham to Manchester corridor.
Both priced at £3.90 per day and £13 per week, compared to the regular networkwide tickets at £4.50 per day and £18 per week.
we are pleased to announce the sale of our Birkenhead and Chester bus businesses to Stagecoach Group plc for a consideration of GBP4.5m
First Manchester are introducing new significant fare deals from 18 November.
There will be new day and week tickets covering parts of the area.
One covering the area inside the M60 and another covering Oldham borough, with an extension along the Oldham to Manchester corridor.
Both priced at £3.90 per day and £13 per week, compared to the regular networkwide tickets at £4.50 per day and £18 per week.
This is dangerous game stagecoach has played. Will the oft/cc allow all three to get sorted?
To put things in context, does anyone remember what First paid for the Chester City Transport business?
Why are the sums involved in these transfers always called "considerations"?.
Consideration is the concept of legal value in connection with contracts. It is anything of value promised to another when making a contract. It can take the form of money, physical objects, services, promised actions, abstinence from a future action, and much more.
If A signs a contract to buy a car from B for $5,000, A's consideration is the $5,000, and B's consideration is the car.
Additionally, if A signs a contract with B such that A will paint B's house for $500, A's consideration is the service of painting B's house, and B's consideration is $500 paid to A.
iIt says in this newsreport: http://www.dailypost.co.uk/news/whe.../chesterbus-is-it-a-fare-deal-55578-19415666/
First brought Chester for £1.8million, while the council sold off the depot for something else. First got paid £3.7Million Bargain?
That three Depots gone from that So called list: with Only Northampton, Somerset, Redditch/Kiddminster being left.
I doubt we will even GET TO £50Million, so the question is how will First raise the other £50million
iIt says in this newsreport: http://www.dailypost.co.uk/news/whe.../chesterbus-is-it-a-fare-deal-55578-19415666/
First brought Chester for £1.8million, while the council sold off the depot for something else. First got paid £3.7Million Bargain?
That three Depots gone from that So called list: with Only Northampton, Somerset, Redditch/Kiddminster being left.
I doubt we will even GET TO £50Million, so the question is how will First raise the other £50million
My question in general is how can First get things so horribly wrong? Amongst people I speak to (mix of enthusiasts and non enthusiasts) the general view is that First are pretty (for want of a better word) rubbish.
Have they not considered taking a leaf out of other operators books? Stagecoach in principle seem to do quite well, and I don't think anyone doubts that they will run their recent First acquisitions a lot better than First have. I've never experienced Arriva, but from the outside looking in, they seem to do a half decent job.
Taking the cost aspect, they just seem to want to price people off buses, it's almost as if they don't actually want any customers.
Redditch & Kidderminster only account for 51 vehicles, so those two operation aren't going to fetch much
Northampton Transport used to be council owned and was the best municipal operator in the UK, the operation was sold to GRT in the mid 90's and GRT merged with Badgerline which became First Bus, sadly the operation has been going down the pan for the past 12 or so years and has been a victim or poor management decisions etc and more recently the newish B7L's have been swapped for 16 - 17 year old stock which is a prime candidate for the scrap yard.
I don't understand why First have done this when the Northampton operation is for sale and will depreciate the value of the operation if,as, and when a buyer is found.
My own feeling that if a buyer had been found then we would have known something by now, I think its just a matter of time before the Northampton operation is closed down and the services cancelled, which will allow other operators to step in a register their own replacement services.
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I wonder what the value of the Northampton operation is? its only a 30 odd bus operation compared to Redditch and Kidderminster.
Redditch & Kidderminster should both also include depot properties, where as Northampton doesn't. I wouldn't have though it would be worth any more than a million
My question in general is how can First get things so horribly wrong? Amongst people I speak to (mix of enthusiasts and non enthusiasts) the general view is that First are pretty (for want of a better word) rubbish.
Have they not considered taking a leaf out of other operators books? Stagecoach in principle seem to do quite well, and I don't think anyone doubts that they will run their recent First acquisitions a lot better than First have. I've never experienced Arriva, but from the outside looking in, they seem to do a half decent job.
Taking the cost aspect, they just seem to want to price people off buses, it's almost as if they don't actually want any customers.
Hopefully Stagecoach can start to attract new passengers instead of just managing decline.
Are First able to turn around the general decline? Or are we realistically going to see First eventually pull out of the bus industry completely?
Are First able to turn around the general decline? Or are we realistically going to see First eventually pull out of the bus industry completely?
plus a new "cross city" service (a rarity in Manchester, connecting the core First area to the University/ Hospital area on the Stagecoach side of town).
Which terminates about a mile short of being useful, rarely turns up and when it does... goes flying past your stop
The 18 has all the hallmarks of a traditional First service!
Which terminates about a mile short of being useful, rarely turns up and when it does... goes flying past your stop
The 18 has all the hallmarks of a traditional First service!