Norfolk Green bus firm sold to national giant Stagecoach Bus Holdings
One of East Anglia’s independent bus companies is travelling into a new era after being sold to a national firm.
Norfolk Green today announced its sale to
Stagecoach Bus Holdings - ending its 19 years of independence since
being set up in 1994.
The company provides local bus services to west
and north Norfolk, north Cambridgeshire and south Lincolnshire, employs
more than 160 people and operates over 70 buses which carried more than
four-and-a-half million passengers last year.
Managing director Ben Colson said the decision
was “not taken easily”, and added that Norfolk Green went into new hands
“in good shape”.
The surprise sale comes after a tough period for
Norfolk Green, which has been struggling to keep on the road its
much-lauded Coasthopper Service, which runs along the Norfolk Coast Area
of Outstanding Natural Beauty and is cherished by locals and tourists.
In September, Norfolk County Council announced
plans to cut its £225,000-a-year Coasthopper subsidy by £75,000 in each
of the next two years - a move that Mr Colson said could spell the end
of the service.
After being formed in 1994, Norfolk Green was
bought by its existing owner two years later and during the next 17
years it grew from three buses to the number it runs today.
It has won countless awards, including The Mayor’s Award for Business Achievement in 2007, the UK Bus Operator of the Year award in 2010 (the only time that a small operator has won it) and last month the Independent Operator of the Year award.
Mr Colson said “Our decision to sell was not
taken easily but it follows a period of ill health during the summer and
early autumn. Over the years we have built a strong brand in the area
with a much larger network of bus routes than was here in 1996,
attracted new customers to using the bus, and we have increased
employment.
“The company goes forward into new hands in good shape, and will benefit from being owned by a major transport company.”
Robert Montgomery, Managing Director of
Stagecoach UK Bus, said: “The acquisition will allow us to expand our
operations in the east of England, where we have achieved good passenger
growth by focusing on good value fares, investing in our networks and
delivering punctual and reliable services.
“Our people are central to our growth plans and we are delighted to welcome our new employees to the business.”