Thirty jobs have been saved after a Lancashire coach firm was rescued from administration by a local rival.
Harrison’s Coaches (Morecambe) Ltd, trading as Battersby Silver Grey, has been bought by Carnforth-based Travellers Choice, a deal which secures all the staff employed by the business.
“The sale of Battersby Silver Grey to Travellers Choice provides the best possible solution for the company’s array of local and regional customers, all 30 staff and the local economy it supports,” said joint administrator Russell Cash.
“The company unfortunately failed to receive the investment it was promised when Bakerbus and King Long Direct became involved around 15 months ago.
“We were therefore determined to make every effort to secure the future that this long-standing business deserves. The marketing process attracted many approaches and we engaged with a number of interested parties before proceeding with Travellers Choice, which offered the best outcome for creditors and a viable future. We wish Battersby Silver Grey the very best under its new ownership.”
Family business Battersby Silver Grey was founded in 1948. Based in Middlegate, it runs a fleet of 27 coaches and buses, offering private hire services as well as tours, excursions and UK and European holidays. Its customers include schools and the local university.
FRP Advisory partners Russell Cash and Ben Woolrych were appointed as joint administrators to the company on January 28.
The company revealed that when attempts to obtain further investment to safeguard a long-term future for the business could not be found, the directors were forced to seek the protection of administration, allowing for the business to continue as a going concern.