Didn't see this coming

Subforum for Diamond Bus Limited of Tividale, Redditch and Kidderminster (formerly The Diamond Bus Company Limited, The Birmingham Omnibus Company Limited, Go West Midlands Limited, etc.
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bmmoboy
Posts: 549
Joined: 20:02 Tuesday 5th July 2016

Didn't see this coming

Post by bmmoboy » 19:47 Saturday 3rd June 2023


Michael
Posts: 39
Joined: 20:50 Monday 18th July 2016

Re: Didn't see this coming

Post by Michael » 19:46 Monday 5th June 2023

As I understand it the whole business model of Diamond is to borrow large amounts of money from banks to buy businesses and sell them on for a profit - my sister who is an accountant says there is a term for this but I don't recall what it is!

I have noticed recently a lot of 20 reg double deckers in Birmingham so I guess they pulled all the good buses out first!!!

winston
Posts: 29
Joined: 23:38 Tuesday 27th June 2017

Re: Didn't see this coming

Post by winston » 01:15 Thursday 15th June 2023

Michael wrote:
19:46 Monday 5th June 2023
As I understand it the whole business model of Diamond is to borrow large amounts of money from banks to buy businesses and sell them on for a profit - my sister who is an accountant says there is a term for this but I don't recall what it is!

I have noticed recently a lot of 20 reg double deckers in Birmingham so I guess they pulled all the good buses out first!!!
Rotala don't buy businesses to sell them on at all !

Rotala will be selling Bolton Bus Depot to TfGM & will also be selling 134 buses to Go North West as part of TfGM Bus Franchising Tranche 1, Go North West won the new Bolton Franchise from Sept 2023 & not Rotala.

Rotala have chosen to retain 25 of the newest Streetdecks from Bolton (21 plates) of which 17 are now based in the West Midlands due to min Euro 6 requirements from 1/5/23 ( 12 x Tividale, 5 x Redditch), the other 8 are still at Bolton.

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