Technically Shearings didn’t own any neither to be pedantic. All on lease. Will be straight back to finance Co
I think the subtle difference was that Shearings operated their own fleet of coaches, whereas David Urquart sub-contracted the operation of the coaches to local companies around the country. These local companies would feel the loss of one of their contracts and could probably survive; Shearings has completely collapsed.
(Did Shearings operate all their own coaches or were any sub-contracted, i.e. operated in their livery, but owned by local companies as opposed to spot-hiring?)