Sea View Coaches Survival

[cnjb8]

Apparently Sea View Coaches have ceased trading.
https://www.flickr.com/photos/59115230@N06/49748831253/in/pool-busesuk

 

[MotCO]

Apparently Sea View Coaches have ceased trading.
https://www.flickr.com/photos/59115230@N06/49748831253/in/pool-busesuk

Are you sure? The Flickr message was dated 14 March 2020, yet their website appears to be open, and a Google search shows no articles stating their demise.

 

[cnjb8]

Are you sure? The Flickr message was dated 14 March 2020, yet their website appears to be open, and a Google search shows no articles stating their demise.

No I'm not sure. The photo was posted yesterday so it may be true.

 

[Graham Kiddle]

Apparently they have gone bust. There is a post on Facebook from last Friday saying that some of the fleet are at an auction house in Lincolnshire while the rest are with a finance company in Oxfordshire.

 

[richard13]

From a comment on Southampton Bus Update 7/4/20
"Lucketts have purchased the Sea View business from administrators but no vehicles or depot included in the sale."
Lucketts are themselves a subsidiary of Nat Exp.

 

[NorthClyde320]

From a comment on Southampton Bus Update 7/4/20
"Lucketts have purchased the Sea View business from administrators but no vehicles or depot included in the sale."
Lucketts are themselves a subsidiary of Nat Exp.

Sea View Coaches closes

Poole-based Sea View Coaches, which had a Standard International licence to operate 25 vehicles from its Fancy Road depot, has closed. Sea View Coaches was founded during the mid-1960s with one coach, primarily to transport [...]

cbwmagazine.com

 

[richw]

From a comment on Southampton Bus Update 7/4/20
"Lucketts have purchased the Sea View business from administrators but no vehicles or depot included in the sale."
Lucketts are themselves a subsidiary of Nat Exp.

Yet natex denied this. Presumably the vehicles and yards were leased and the brand name and reputation was worth purchasing. If there’s no other assets I’m not sure what is worth purchasing

 

[TheGrandWazoo]

Yet natex denied this. Presumably the vehicles and yards were leased and the brand name and reputation was worth purchasing. If there’s no other assets I’m not sure what is worth purchasing

The thing about the Soton Bus Blog comments page is that is 80% piffle. The blog isn't that much better.

 

[Volvodart]

‘Healthy interest’ in Sea View Coaches assets, business

'Healthy interest' in Sea View Coaches assets, business - routeone

Administrators have reported “a healthy level of interest” in both the business and the assets of Poole operator Sea View Coaches, which ceased trading earlier in April. The Dorset operator entered administration following “steadily declining turnover in an increasingly competitive market.”...

www.route-one.net

By Tim Deakin -April 24, 20201
Sea View Coaches

Administrators have reported “a healthy level of interest” in both the business and the assets of Poole operator Sea View Coaches, which ceased trading earlier in April.

The Dorset operator entered administration following “steadily declining turnover in an increasingly competitive market.”

Rising running costs also contributed to the pressure on the operation.

Simon Haskew and Neil Vinnicombe, partners at Begbies Traynor, are joint administrators. The Dorset premises are set to be sold at auction in mid-June and some of its vehicles have already been advertised by dealers.

The operator was established in 1973 and ran an 18-strong fleet. All 17 members of staff have been made redundant.

Says Mr Vinnicombe: “Looking to the future, the Sea View Coaches brand is well known locally and would prove a valuable asset for someone to take forward.”