TheGrandWazoo
Veteran Member
Yet in 96 it remerged the two separate operations back into what was Eastern used to be bar Monklands. The manamanget were in Dalkeith no New street but still, until the bus war the companies Midland and Lowland were making very healthy profits, and running a fleet on par with the likes of Stagecoach Fife. So the Mid - late 90s isn't where the trouble started. I really do wonder what would have happened if First head chickens just kept their ambitions to themselves and instead did up its game in Restalrig, penicuik etc......
SMT lost £1.6m in 1995 and £3.1m in 1996
The slicing and dicing began after that so it's difficult to really assess subsequent financials though the impact of the bus war in 2001 was pronounced. Being charitable, you could argue that the privatised SMT may have been where it began to go wrong.
I do agree that they perhaps that their post 2001 retreat back to their heartlands could have been managed better but perhaps the die was cast...