CREWE-based bus firm Best Bus and Coach has gone into liquidation just four months after celebrating taking over routes axed by Arriva.
The company, owned by Conservative Cllr John Jones, went into receivership on Thursday, leaving county council bosses a matter of hours to provide replacement services for the 44 and 45 Crewe to Nantwich routes.
The Kate’s Lane-based company also operated “Home to School” contracts on behalf of the county council, which also had to be covered at short notice.
Cllr Jones said the company had been doing well, that he had done everything he could to prop up the company, and blamed its demise on the American sub-prime mortgage crisis.
“It was an American company which cut off the finance. I tried to put a rescue package together but given the current circumstances no-one wanted to know,” Cllr Jones said.
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Saturday, 31 May 2008
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