British Bus

1992 Company incorporated on 19 October 1992. The founders were the executive management committee which had been created to turn around the fortunes of the bus operating division of Drawlane.

British Bus subsequently acquired the operating subsidiaries and the majority of the assets of Drawlane except for Drawlane's 25 per cent interest in National Express.

Some of the Drawlane businesses acquired by British Bus were unrelated to the core business and were sold.

British Bus made a number of further significant acquisitions in 1993, 1994

1994 British Bus Group Ltd was incorporated and then acquired British Bus and its operating subsidiaries. As a result of this refinancing, the group raised new equity and increased its debt facility to enable British Bus' expansion.

1995 acquired Arrowline (Travel).

1996 The main operating subsidiaries were:

• Arrowline (Travel) Ltd
• British Bus Plc
• Clydeside 2000 PLC
• Crosville Wales Limited
• Derby City Transport Limited
• Kentish Bus and Coach Company Limited
• London & Country Ltd
• London Links Limited
• Luton & District Transport Limited
• Maidstone & District Motor Services Ltd
• Midland Fox Limited
• Midland Red (North) Limited
• Northumbria Motor Services Limited
• North Western Road Car Co Ltd
• Stevensons of Uttoxeter Limited
• The Bee Line Buzz Company Limited
• Yorkshire Bus Group Holdings Limited

See Also

Loading...

Sources of Information

• Competition Commission report 1996