Fri, 15 Jul 2016 | ADMINISTRATION
GHA Coaches has entered administration, rendering its 320-strong workforce jobless, after recently receiving a winding-up petition from the HMRC for an unpaid tax bill.
The company's directors, Gareth and Arwyn Lloyd Davies, had attempted to find an emergency funding package to address the issue, but ultimately failed, with the company entering administration on Wednesday.
Based in Ruabon, North East Wales, the company ran 230 buses on school and commercial bus routes across north Wales, Cheshire and Shropshire. With the company now closed, the situation has had an immediate impact on customers who used the buses regularly.
Jason Bell, of administrators Grant Thornton, said they will “explore all options in terms of bringing any part of the business back to life”.
“Our immediate responsibility is to look after the interests of the creditors,” he added.
The administrators are also working with the affected local councils to put contingency plans in place in order to reduce service disruptions.
In an update at 1pm on Friday 15 July, the BBC said Wrexham has had up to 22 public route services cancelled. The main counties affected are focusing on the school transport, with 95 per cent of the school transport operating on Thursday and 100 per cent on Friday in Denbighshire.
The failure of GHA has had a larger impact than first thought, the BBC reported.
Companies in administration
This is a unique opportunity to acquire valuable intellectual property assets from a well-established wholesaler with many years of experience in the discount food and non-food sector in the Midlands.
This is an opportunity to acquire a long-established specialist bakery business, supplying major UK supermarkets and boasting a fully equipped production facility with a skilled workforce.
Discover the rare chance to acquire a specialist UK supplier of marine engines and generators, noted for their leadership in the used marine engine market and hard-to-find parts.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.