Confidential Advice Line: 0800 063 9221

Yorkshire coach company placed into administration

Administration

| February 16th 2016

More News by Andrew MacKenzie

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.”


About the author

Andrew MacKenzie

Director

Meet our Team of Experts

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.

46 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Businesses Remain Resilient in the face of Brexit
Financial distress falls 6% following referendum
ONS data: 'Brexit has had no major effect on the UK economy thus far'
Read More →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office
Processing...