Long-established coach operator John Smith & Sons has ceased trading and the directors have appointed Mike Jenkins and David Broadbent of Begbies Traynor to assist with the winding-up process. Founded in 1935 and based in Dalton near Thirsk, the 20-vehicle company operated local and school bus services and coach hire around North Yorkshire.
The directors point to a “fiercely competitive market, together with growing regulatory pressures,” as the reason for the company’s failure. All 25 staff have been made redundant and a creditors meeting is scheduled for 13 February to formally begin the liquidation process.
“The decision to shut down John Smith & Sons has been very hard to make, the business is all we have known all our lives, as boys and men,” says director John Smith. “I would like to thank all of the team, I couldn’t have asked for a better group of drivers and maintenance staff.
“The day we had to tell everyone was soul-destroying and the hardest thing any of us have had to do. The reception we received from the team was amazing and touched us all to the core, showing how highly they thought of us. I would like to wish them all the best in the future.”