Former bus site gets new owner

John Fishwick & Sons bus depot at Tuer Street Golden Hill Lane in Leyland

John Fishwick & Sons bus depot at Tuer Street Golden Hill Lane in Leyland

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The site of the former Fishwick’s bus company has been sold.

And an auction of the historic Leyland firm’s plant and machinery made more than £250,0000.

Contracts have yet to be exchanged on the sale of the 108-year-old company, John Fishwick and Sons, which ceased trading in October.

But Jason Austin, associate director for administrators RSM, said: “In relation to the freehold, we have an offer now that’s been accepted and contracts are being drafted.

“We’re quietly confident we’ll have completion on these contracts in the new year.”

He said he could not divulge any more information about the sale at this stage, but added that he was not too surprised a new owner had been found just weeks after the company, which operated from Tuer Street, Golden Hill Lane, closed.

“I think we were fairly optimistic we would get a sale away fairly early, given the location and size of the site,” he said.

He added that all items of plant and machinery that went to an online auction were sold.

“The realisation was slightly in excess of what we expected,” he said.

“We’re probably looking at more than £250,000.”

The sudden closure of the company, which was caused by significant cash flow issues, shocked the local community.