GHA Group (Bryn Melyn, Vale Travel + Others)

[YN05 WKE]

RE: GHA Group (Bryn Melyn, Vale Travel + Others)

(14/07/2016 10:16)knutstransport Wrote:  That's standard practice for administration - the administrators have a legal responsibility to try and recover unpaid debts so they take control of the assets and bank accounts. If they think a buyer can be found they continue trading and attempt to restructure the business to make it more attractive to buyers e.g. if the coach hire part is profitable then they'll split it off and put it up for sale and wind up the bus operations part.

Hopefully the better buses and the drivers transfer to other operators in the area.

Apparently all staff been told to find new jobs as from this morning