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Didn't see this coming
Posted: 19:47 Saturday 3rd June 2023
by bmmoboy
Re: Didn't see this coming
Posted: 19:46 Monday 5th June 2023
by Michael
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!!!
Re: Didn't see this coming
Posted: 01:15 Thursday 15th June 2023
by winston
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.