Almost all employees of an historic bus company have found new jobs after it closed.
And administrators for 108-year-old John Fishwick and Sons, Golden Hill Lane, Leyland, which crashed at the weekend, said the reason for the shock closure was “significant cash flow issues”, leaving the directors with little alternative but to bring in administrators. Read the original story here
Lindsey Cooper and Jeremy Woodside, of RSM Restructuring Advisory, have been appointed as administrators of the company.
Ms Cooper, of RSM, who has more than 16 years’ experience in restructuring, working with businesses, their funders and advisors in the North West and North Wales, said 55 jobs were involved - mainly drivers and engineers.
She added: “Everyone has been made redundant, but the vast majority of people have got new jobs.
“To my knowledge, virtually everybody has found alternative employment.
“We weren’t able to sell the business or company as a going concern.
“We’re looking to sell the bus fleet and depot, so we have instructed agents.
“They are dealing with the property and bus fleet on our behalf.”
The appointed agents are GVA Grimley Ltd, of Norfolk House, Norfolk Street, Manchester.
Ms Cooper added: “It’s very early days, there will be interested parties, all the buses are in good condition or new.
“There could be an online auction in two weeks. If interested parties want to contact us, they can contact our Manchester office.”
The office telephone number is 0161 830 4000.
National transport provider Stagecoach has already taken over one of Fishwick’s routes.