Oakwood Travel (Classic Bus North West)

[Mayneway]

RE: Oakwood Travel (Classic Bus North West)

(22/10/2016 20:26)robertclark125 Wrote:  If I could add as well, on the topic of people shutting up shop then restarting another business, this has happened a few times in retail. I recall an edition of the BBC Watchdog programme, in the early 1990s, showing a man who had a furniture shop that shut, leaving folk out of pocket, then restarting elsewhere with the same stock. On that occasion, the DTI (department of trade and industry) investigated, and the man was banned as a director for several years.

What I'm going to say, basically, is it may not be the TC who is the only one wanting answers.

It's a tax fiddle. Existing company gets wound up at midnight and a new company with same address, directors etc opens at a minute past midnight and all debts are simply wiped away.

The bigger issue with bus and coach companies is the ops licence. When a company applies for a licence there vetted before one is granted or refused. In the case with CBNW they were confident they wouldn't get a new licence so simply went and 'acquired' one from another operator.

It's all good and well saying their 'doing well' but what's to stop them simply closing up when the debts get too big again.