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Stagecoach Group
Stagecoach Group is a transport group based in Perth, Scotland. It operates buses and express coaches in the United Kingdom. Stagecoach was originally founded in 1976 as ''Gloagtrotter'', a recreational vehicle and minibus hire business. During the early 1980s, it took advantage of the deregulation of the British express coach market, launching services from Dundee to London using second-hand Neoplan coaches, competing against the then state-owned National Express Coaches and Scottish Citylink. Stagecoach purchased several recently privatised national bus groups from London Regional Transport, the National Bus Company, Scottish Bus Group and various city councils, as well as pursuing those that had opted for management buyouts and employee-owned corporations. During August 1996, Stagecoach acquired roughly one-third of all passenger rolling stock in the UK via the acquisition of the recently privatised leasing company Porterbrook; it sold the company on four years lat ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Employee-owned Corporation
Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service). Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared with w ...
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East London (bus Company)
East London Bus & Coach Company Limited, trade name, trading as Stagecoach London, is a bus company operating in East London. The East London brand is a subsidiary of Stagecoach London and operates services under contract to Transport for London from seven garages. History On 1 April 1989, London Buses was divided into 11 separate Privatisation of London bus services#Break-up of London Buses, business units, one of which was East London. In 1994, East London was sold to Stagecoach Group, Stagecoach Holdings at the same time as fellow subsidiary Selkent for £42 million (), with operations subsequently rebranded to Stagecoach East London. In November 2000, in line with the rebranding of the wider Stagecoach Group, Stagecoach East London and Selkent were consolidated under the Stagecoach London brand. In August 2006, Stagecoach sold its London bus operations to Macquarie Group, Macquarie Bank for £264million (). The new owner restored the East London name and Thames saili ...
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Competition Commission
The Competition Commission was a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom. It was a competition regulator under the Department for Business, Innovation and Skills (BIS). It was tasked with ensuring healthy competition between companies in the UK for the ultimate benefit of consumers and the economy. The Competition Commission replaced the Monopolies and Mergers Commission on 1 April 1999. It was created by the Competition Act 1998, although the majority of its powers were governed by the Enterprise Act 2002. The Enterprise Act 2002 gave the Competition Commission wider powers and greater independence than the MMC had previously, so that it could make decisions on inquiries rather than giving recommendations to Government, and was also responsible for taking appropriate actions and measures (known as remedies) following inquiries which had identif ...
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Lancashire
Lancashire ( , ; abbreviated ''Lancs'') is a ceremonial county in North West England. It is bordered by Cumbria to the north, North Yorkshire and West Yorkshire to the east, Greater Manchester and Merseyside to the south, and the Irish Sea to the west. The largest settlement is Preston, Lancashire, Preston, and the county town is the city of Lancaster, Lancashire, Lancaster. The county has an area of and a population of 1,490,300. Preston is located near the centre of the county, which is urbanised and includes the towns of Blackburn and Burnley; the seaside resort of Blackpool lies to the west, and Lancaster, Lancashire, Lancaster is in the north. For Local government in England, local government purposes the county comprises a non-metropolitan county, with twelve districts, and two Unitary authorities of England, unitary authority areas: Blackburn with Darwen and Borough of Blackpool, Blackpool. Lancashire County Council and the two unitary councils collaborate through the ...
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Preston Bus
Preston Bus is a bus operator running services in the city of Preston and surrounding areas of Lancashire. It is a subsidiary of Rotala, who purchased Preston Bus from the Stagecoach Group on the orders of the Competition Commission in 2011. History Council ownership Preston Corporation began operating electric tram services in the Borough in 1904, although horse-drawn trams had been running since 1879. On 23 January 1922, Preston Corporation began its first bus service, running along Plungington Road using a fleet of Leyland buses. Expansions of these bus services soon followed and eventually replaced Preston's trams, the last of which ran in December 1935. On 12 October 1969, the £1.1 million () Preston bus station was opened on Tithebarn Street, the site of a Ribble Motor Services station, after two years of construction. With the station being owned by the Borough Council, bus routes ran by Preston Corporation were rerouted from terminating at points around the ...
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Manchester Metrolink
Manchester Metrolink is a tram/light rail system in Greater Manchester, England. The network has List of Manchester Metrolink tram stops, 99 stops along of standard-gauge route, making it the Transport in the United Kingdom#Trams and light rail, most extensive light rail system in the United Kingdom. Over the 2023/24 Fiscal year, financial year 42 million passenger journeys were made on the system. Metrolink is owned by the public body Transport for Greater Manchester (TfGM) and is part of the region's Bee Network. It is operated and maintained under contract by a Keolis/Amey plc, Amey consortium. The network consists of eight lines which radiate from Manchester city centre to termini at Altrincham, Ashton-under-Lyne, Bury, Greater Manchester, Bury, Didsbury, East Didsbury, Eccles, Greater Manchester, Eccles, Manchester Airport, Rochdale and the Trafford Centre. It runs on a mixture of Street running, on-street track shared with other traffic; reserved track sections segrega ...
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East Midlands Trains
East Midlands Trains (EMT) was a British train operating company owned by the transport group Stagecoach, which operated the East Midlands franchise between November 2007 and August 2019. Following the Department for Transport (DfT) award of the newly created East Midlands franchise to Stagecoach, EMT commenced operations on 11 November 2007, taking over services previously performed by both Midland Mainline and the eastern parts of the Central Trains franchises. Based in Derby, the company provided train services in the East Midlands and parts of Yorkshire, chiefly in Lincolnshire, South Yorkshire, Nottinghamshire, Leicestershire, Derbyshire and Northamptonshire. Its operations were initially divided between two sub-brands: ''Mainline'' for inter-city services, and ''Connect'' for urban and suburban services. Numerous changes were implemented during EMT's tenure, including the introduction of additional trains between Sheffield and London along with infrastructure improvem ...
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Macquarie Group
Macquarie Group Limited (), more commonly known as Macquarie Bank, is an Australian multinational investment banking and financial services group headquartered in Sydney and listed on the ASX (). Macquarie's investment banking division is Australia's top-ranked mergers and acquisitions adviser with more than in assets under management and is one of the world's largest infrastructure asset manager. Macquarie Bank's customers have an overall net wealth per capita of (as of March 2024) making them amongst the wealthiest in Australia. The company employs more than 20,000 staff across four operating groups in 34 markets. History Hill Samuel Australia Macquarie was founded on 10 December 1969 as Hill Samuel Australia Limited (HSA), a subsidiary of the UK's Hill Samuel & Co. Limited. The group's logo is a stylised version of the holey dollar, Australia's first coinage which was designed by Governor Macquarie. Australian businessman Stan Owens compiled a proposal for Hill S ...
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Stagecoach London
Stagecoach London is a major bus operator in Greater London. It is a subsidiary of Stagecoach and operates services under contract to Transport for London mostly in East and South East London, as well as some services running into Central London. It is the largest subsidiary of the Stagecoach Group, with 283.4 million passengers journeys taken on Stagecoach London buses between May 2018 and April 2019, and as of March 2024, the fleet consisted of 1,488 buses. History In 1994, Stagecoach purchased the East London and Selkent operations during the privatisation of London bus services. Both continued to trade under their existing names until November 2000 when Stagecoach consolidated its London operations under the Stagecoach London brand with both remaining as separate legal entities. In August 2006, Stagecoach sold its London bus operations to Macquarie Bank. The new owner restored the East London and Selkent trading name logos. In September 2008, Thameside was est ...
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Glasgow Prestwick Airport
Glasgow Prestwick Airport (), commonly referred to as Prestwick Airport, is an international airport serving the west of Scotland, situated northeast of the town of Prestwick, and southwest of Glasgow, Scotland. It is the less busy of the two airports serving the western part of Scotland's Central Belt, after Glasgow Airport in Renfrewshire, within the Greater Glasgow conurbation. The airport serves the urban cluster surrounding Ayr, including Kilmarnock, Irvine, Ardrossan, Troon, Saltcoats, Stevenston, Kilwinning, and Prestwick itself. Glasgow Prestwick is Scotland's fifth-busiest airport in terms of passenger traffic, although it is the largest in terms of land area. Passenger traffic peaked at 2.4 million in 2007 following a decade of rapid growth, driven in part by the boom in low-cost carriers, particularly Ryanair, which uses the airport as an operating base. In recent years, passenger traffic has declined; around 670,000passengers passed through the airport in ...
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Sheffield Supertram
The South Yorkshire Supertram, sometimes referred to as the Sheffield Supertram, is a tram and tram-train network covering Sheffield and Rotherham in South Yorkshire, England. The network is owned and operated by the South Yorkshire Mayoral Combined Authority (SYMCA). Interest in building a modern tram system for Sheffield had mounted during the 1980s. After detailed planning by South Yorkshire Passenger Transport Executive (SYPTE), the Supertram proposal was approved by an act of Parliament in 1991. Construction of the network, incorporating several existing heavy rail sections as well as new track, was carried out in sections, allowing revenue services to start during 1994. Early operations, hindered by a complex ticketing system and the initially small coverage area, had disappointing ridership figures.
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