£200,000 deal for Fylde minibus firm

A Fylde coach and minibus company has been brought by Rotala.

Rotala, the Birmingham based company has put forward an investment of £200,000 to buy Elite Minibus and Coach Services in Fylde.

The company, based in Blackpool, has a fleet ranging from 4 to 53 seated vehicles and has been established for 28 years in Fylde.

They have a service contract with the local authority for the Service Number 87 that goes between Cleveleys and Poulton, along with several school and college contracts.

The company, together with its private hire business generates an annual revenue of around £500,000.

In a statement made by Rotala to the stock market they go on to say “This acquisition will broaden the range of services which Preston Bus is able to offer in this area of Lancashire and add to its geographical reach.”

Rotala has had a turnover in the last few years of just over £50m however it has raised its aims to generate a figure of £85m following its expansion.

Rotala’s hold operations in Bristol, Essex, Manchester and is also the owner of Preston Bus which it brought back in January 2011.

The LSE statement said: “This business, with its small number of existing staff will be integrated into the outstation which Rotala already operates in Blackpool through its subsidiary company, Preston Bus.”

It went on to add that the vehicle fleet of Elite had a fair value of £150,000 and that Rotala would not assume any other assets or liabilities of materiality on acquisition.

“On this basis the Acquisition is expected to generate about £50,000 of positive goodwill on consolidation and is expected to be earnings enhancing from completion.”

Bob Dunn the Director added: “We already operate a few services in Blackpool, eight at this moment in time however this will give us another six.

“We have always seen the area as one we wanted to expand into and we have other things planned for the wider North West.

“We want to develop the whole region with more of a coach operation, but are also looking at bus opportunities.”

Large Fleet of ”Poo Buses” to be rolled out in Bristol

Following a trial of a 40 seater Bio Bus in Bristol the council are now looking to extend the trial and run 110 gas powered double-deckers.

The Buses run on biomethane gas that is generated from sewage and organic waste. The proposal has been pushed forward to the government with a request to extend the service.

The regular users are full of praise for the trial we caught up with James Byers who said, ‘’the poo bus not only runs quietly and on time but makes me feel good as I know that we are helping the environment, I am looking forward to the day when the technology allows me to power my own car from my own waste.’’

Using today’s technology a years’ worth of Mr Byer’s waste would only allow the bio bus to travel 37 miles so we may be a little while off yet.

With Technology moving so quickly and the pressures from the government to reduce bus emissions it is surely only a matter of time before this will become mainstream.

How the Bio Coach works

· The gas is compressed and stored in dome tanks on the roof of the Bus
· The impurities are removed this leads to a virtually odour free emissions
· Up to 30% less CO2 is produced compared to diesel vehicles
· The vehicle is powered by biogas that has been upgraded this means that CO2 is removed and Propane is added.

Quotax targets the Coach and Bus market

Since Quotax launched their Minibus Insurance offering they have seen their portfolio increase through delivering knowledgeable advice, competitive prices, and market leading cover.

Quotax have built a strong panel of all the leading Minibus Insurers and this has enabled us to cover almost all types of use, many of the leading Insurers in the Minibus market are also strong in the Coach and Bus market.

‘’Minibus Insurance has become an integral part of Quotax, we have built good relationships with Insurers that compete in both the Minibus and Coach markets. We already cover a number of coaches on fleet schemes for our existing clients so it makes sense to actively target this line of business. We have access to competitive rates and can cover businesses and can accommodate both large and small fleets and of course single vehicles . We will be investing heavily online to drive more enquiries through to our sales team. We are also able to offer Employers liability and all types of business cover you may require.’’

If you have a Coach or bus that needs Insurance from 1 vehicle to a fleet please give our team a call on: 0208 469 9679

School coach company sent into administration following fire

School bus services have been disrupted following Gerald Coaches Ltd. being placed in administration. The Coach and Bus company suffered a fire just over a month ago that caused damage at the company’s depot. Gerard’s Coaches had been trading since 1991 and employs over 50 staff with a fleet of 50 coaches.

The fire, in August 2015, led to the destruction of half of the fleet’s repair workshop and damaged three of the company’s vehicles.

The West Yorkshire Authority said that they were working hard to ensure that service disruption is at a minimum and if anyone is in doubt they should contact their school.

Daniel Fosker Quotax Insurance Services – Unfortunately it is extremely common for businesses to go into administration following a disaster even if they have some level of business interruption cover. Various Insurance sources estimate that between 40% to 80% of businesses that suffer a major disaster cease trading within 2 years the exact figure varies from Insurer to Insurer. We encourage our commercial clients to take out sufficient business interruption cover so they can continue to trade should the worst happen. If any Bus and Coach companies would like to discuss how we can help cover your business please feel free to call us on 0208 469 9679.  Quotax Bus and Coach Insurance.  

Insurance premium Tax to increase by 3.5% from November 1st

On the 8th July 2015 The Chancellor announced in his budget that the standard rate of insurance premium tax would increase from 6% to 9.5% effective from 1st November 2015

For Travel Insurance, mechanical appliances and certain vehicle insurance the rate would remain at 20%

This will affect the following clients (Please note this is not the complete list of business Quotax places that may be effected):

Taxi Insurance

Minibus Insurance

Short term (Temporary) Minibus Insurance

Coach and Bus Insurance

Commercial Insurance

Fleet Insurance

Private Car Insurance


Basic outline of changes:

 

New Business and Renewal transactions

  • Inception/renewal date before 1 November 2015: 6%
  • Inception/renewal date on or after 1 November 2015: 9.5%

 

Mid Term Adjustments (MTAs) on policies incepted or renewed before 1 November 2015

Refund Premiums (RPs):

  • Effective date of MTAs before 1 November 2015: 6%
  • Effective date of MTAs on or after 1 November 2015: 6%

Additional Premiums (APs):

  • Effective date of MTAs before 1 November 2015: 6%
  • Effective date of MTAs on or after 1 November 2015: 9.5%

 

Iveco Bus Magleys awarded “International Coach of the Year 2016”

The Magleys Tourism coach from Iveco Bus has been named the “International Coach of the Year 2016”

The jury judge the entries on a number of features such as: innovations, efficiencies, performance, design as well as many other factors.

Iveco Coaches were praised with increasing the efficiency of the vehicle thus reducing costs for the Coach Operator. The Coach was said to have a great price-quality ratio that set it apart from other bus entries. The vehicle was able to perform a number of roles from school, charity, as well as being used as a standard Private Hire coach. The Coach and bus industry is a very competitive market and any savings that can be passed onto the end Public Service Operator are hugely welcome.

The trophy is set to be presented at the Iveco Bus stand at the Busworld exhibition which is being held in Belgium between 16th Oct and 21st Oct 2015.

Busworld 2015 Exhibition

Stagecoach record fall in UK bus and Coach passengers

Stagecoach’s UK division has seen a slight fall in numbers for the first 12 weeks of trading in 2015 financial year. Trading overall was described as in line with expectations and there was an increase in revenue growth of 1%. The 0.7% fall in passengers numbers was attributed to poor summer weather leading to a reduction in use by concessionary pass holders. The London market saw a rise of 1.5%.

Newly launched services in Europe of Megabus are yet to return a profit. The latest trading update were expecting a loss as they invest heavily to increase market share, there has been progress to date with strong demand in Germany and Italy.

Megabus have seen a revenue reduction of 3.4% in North America and this has been blamed on falling fuel costs.  

 

Minibus and Coach sales shows sharp increase at start of 2015

The society of Motor Manufacturers and Traders (SMMT) have just released their Minibus and Coach registrations and they are up 15% for the March period.

During the March plate change orders increased with purpose built vehicles seeing their highest increase at 73%. Buses that are purpose built saw their highest increase at 111%.

The increases across both purpose build markets shows that conditions are improving in the economic market and Coach and Bus operators are expanding their fleets.

Quedgeley Park and Ride bus service on verge of collapse due to loss of funding

In March it was announced that the Waterwell Park and Ride bus scheme was being reduced and would not now take them to Barnwood Business Centre.

Bennetts Coaches who operate the Service have been told they will no longer be subsidised and this is vital for keeping the service running.

It is likely that the route 66 Bus Service will be diverted by Stagecoach. The 66 Bus takes people from Stroud and the Kingsway area already.

Customers are now disappointed that the scheme will no longer shuttle them between Quedgeley and Gloucester but now travel through the Kingsway area as well, adding to the journey time, the cost is also expected to rise.

Locals have insisted that the current Scheme is extremely successful and are hoping the scheme will remain in its current form.