overthewater
Established Member
- Joined
- 16 Apr 2012
- Messages
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Unless you have been living in cave, EYMS are selling off Whittle.
http://www.whittlecoach.co.uk/141008 PR Whittles sale.pdf
What is the future EMYS?
http://www.whittlecoach.co.uk/141008 PR Whittles sale.pdf
Whittle Coach and Bus has been put up for sale by its owners, the family-owned bus and coach
company EYMS Group Limited based in Hull, following several years of operating losses.
EYMS Chairman, Peter Shipp, said that he was extremely disappointed at having to take this decision, the Group having bought the Company from the owner Ron Whittle in 2004 with every intention of growing and developing it for the long term. However, competition in the bus and local coach market has eroded the Whittles financial
situation and this has not been helped by factors outside the Companys control. In 2012, the Governments 20% cut in Bus Operators Fuel Duty Subsidy which had been in place since the 1960s, and pressures on local authority budgets which have reduced concessionary travel reimbursement to bus operators and the money available for local authorities to support unprofitable services, have all added to the problems.
EYMS Group, whose main and much larger subsidiary East Yorkshire Motor Services, based in Hull, has, like every other bus operator, been hit by the same financial cuts and says it can no longer afford to support its loss-making Whittles subsidiary. It is hoped that a buyer can be found for the business, or at least parts of it, as EYMS says its absolute priority is to try and save jobs, and efforts to contact possible interested parties have already begun
What is the future EMYS?