HC Deb 18 December 1987 vol 124 cc777-8W
Mr. Pike

To ask the Secretary of State for Transport if he will publish full details of each National Bus Company subsidiary disposed of to date; and if he will make a statement.

Mr. David Mitchell

Fifty five National Bus Company subsidiaries have been sold since sales began in July 1986, 31 to their own managements or employees. The details are as follows:

Management/employee buy-outs

  • Badgerline Ltd.
  • Brighton and Hove Bus and Coach Company Ltd.
  • Cambus Ltd.
  • Cheltenham and Gloucester Omnibus Company Ltd.
  • The City of Oxford Motor Services Ltd.
  • Devon General Ltd.
  • Eastern Counties Omnibus Ltd.
  • East Kent Road Car Company Ltd.
  • The Eastern National Omnibus Company Ltd.
  • East Yorkshire Motor Services Ltd.
  • Hastings and Districts Transport Ltd.
  • Luton and District Transport Ltd.
  • The Maidstone and District Motor Services Ltd.
  • Midland Fox Ltd.
  • Midland Red Coaches Ltd.
  • Midland Red West Ltd.
  • Milton Keynes City Bus Ltd.
  • National Welsh Omnibus Services Ltd.
  • The Northern General Transport Company Ltd.
  • Northumbria Motor Services Ltd.
  • Potteries Motor Traction Company Ltd.
  • Provincial Bus Company Ltd.
  • The Southern Vectis Omnibus Company Ltd.
    • 778
  • Southdown Motor Services Ltd.
  • South Midland Ltd.
  • The South Wales Transport Company Ltd.
  • Trent Motor Traction Company Ltd.
  • Wessex National Ltd.
  • West Riding Automobile Company Ltd.
  • Wilts and Dorset Bus Company Ltd.
  • The Yorkshire Traction Company Ltd.

Third Party Purchases

  • Alder Valley South Ltd.
  • Ambassador Travel (Eastern Counties) Ltd.
  • Alder Valley Engineering Ltd.
  • The Berks Bucks Bus Company Ltd.
  • Bristol Engineering Ltd.
  • Bristol Omnibus Company Ltd.
  • Carlyle Works Ltd.
  • Cumberland Motor Services Ltd.
  • Eastern National Engineering Ltd.
  • H & D Distribution Ltd.
  • Hampshire Bus Company Ltd.
  • Kent Engineering (NBC) Ltd.
  • Midland Red South Ltd.
  • National Holidays Ltd.
  • NTE Coaches Ltd.
  • Pilgrim Coaches Ltd.
  • Shamrock and Rambler Coaches Ltd.
  • Southdown Engineering Services Ltd.
  • United Automobile Services Ltd.
  • United Counties Engineering Ltd.
  • United Counties Omnibus Company Ltd.
  • Voyage National SA
  • West Yorkshire Road Car Company
  • Western National Ltd.

The National Bus Company in its annual report and accounts published on 27 October forecast that sale of all 72 subsidiaries will be completed before the statutory deadline and that total proceeds will exceed the book value of assets. A report will be made to the House in due course on the aggregate proceeds of sale.