Yorkshire coach company placed into administration
On 11 February 2016 Bob Maxwell and Andrew Mackenzie of Begbies Traynor were appointed as joint administrators of South Yorkshire coach company, Tates Travel Limited.
One of the largest privately owned bus companies in the region, Barnsley-based Tates Travel was founded in 2003 and had a fleet of around 50 vehicles. The company operated a number of bus services centered on the Barnsley and Rotherham areas, with services radiating out to Doncaster, Meadowhall, Dewsbury, Morley and Wakefield. It operated a number of school contracts in the region.
The company ceased trading on 9 February 2016 with all 62 staff being made redundant. Begbies Traynor has liaised with the relevant local authorities in South and West Yorkshire to ensure an ongoing service for all of Tates Travel’s bus routes.
Joint administrator Andrew Mackenzie said: “Unfortunately, the business proved unable to cope with excessive finance costs.
“It is, however, good news that all school runs have now been taken care of and we have been able to minimise any disruption to passengers. We are now in the process of dealing with the company’s affairs.”
Andrew is a qualified Insolvency Practitioner, Chartered Certified Accountant and has a degree in Accountancy and Finance. He joined the Leeds office of Begbies Traynor in January 2006 having previously worked for PwC, Baker Tilly and BDO Stoy Hayward. Andrew opened a Hull office for the firm on 1 May 2008 and has a broad range of experience in Corporate Rescue and Recovery, restructuring, personal insolvency, business investigations, review work and funding solutions.