Powells BUS Company Limited (03190618): administration
- Status
- Administration ended
- Administration began
- 2022-08-11
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1996-04-25
- Location
- Leeds
- Industry
- 49390 Other passenger land transport
Why it went into administration
- Energy costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated as a limited company in April 1996 having previously been operated by the Powell family for many years prior. The Company informally occupied premises which were leased by its parent company, HCT Group, located at 6 Hellaby Lane, Hellaby, Bramley, Rotherham S66 8HN (“the Property”)
The Company was established to provide a mixture of both public service and private contracted bus services in the South Yorkshire area. It carried out bus and coach services for private hire customers, as well as school travel and public transport routes. The contracts with the local councils for the school and public transport routes generated the highest level of income. These had to be tendered for on a regular basis and retention of these contracts was essential for the business.
Banking facilities were previously operated with Yorkshire Bank and Royal Bank of Scotland. However, there was not any active banking facility in place at the time of the Administration appointment.
Administrators' statement of proposals (2022-10-10) · Companies House register