Author Topic: Companies House - Go West Travel  (Read 427 times)

Offline Coast_Hopper

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Companies House - Go West Travel
« on: August 09, 2018, 11:46:45 PM »
Makes interesting reading, the full accounts, can Kind of see why they pulled out of Lynn especially when you compare to Cambus Limited

https://beta.companieshouse.gov.uk/company/03117358/filing-history
« Last Edit: August 09, 2018, 11:49:00 PM by Coast_Hopper »

Offline linkyyork

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Re: Companies House - Go West Travel
« Reply #1 on: August 10, 2018, 11:09:53 AM »
Yes it had been posted on earlier posting of the Go West financial plight.
If you look at the last returns from Norfolk Green they had a profit of around £1m which under Stagecoach East dropped to around a quarter of that.

The reason, well that comes back to a discussion on another board about deregulation.
Remember deregulation allowed other bus companies onto routes with the intention "of better services and reduced fares" brought about by competition.

However cherry picking was not envisaged but it brought about the opposite effect on a lot of services and in this case this is what happened to Go West.

They had three routes to Hunstanton, the direct one and one via Castle Rising and one via Sandringham.
These two services were either on the edge or loss making but could be supported by the profits from the direct route.

Onto the scene came Lynx who cherry picked by only operating the direct route, and only in the busy periods from 8 to 6,  thereby taking revenue away from NG.
There also appeared to be a Twitter campaign, encouraged by Lynx of criticism of NG services regardless of the fact Lynx had packed up for the day.
A friend who tried to put the record straight was blocked by Lynx.
It is interesting to note a similar campaign is now happening on the 505.
 
However in line with their plans Lynx also won all of NGs tendered services by under cutting them, and other operators knowing that the county council accept the lowest bid.
Lets hope that what has happened in other counties where the low bidders bid too low and pulled out leaving the tax payer to pick up the bill.

What has happened in the Kings Lynn area since, well reduced services because Lynx will not supply buses suitable for a route or just simply reductions/withdrawals and of course the fares and tax payer subsidies have gone up.

It will be interesting to see what happens to the winter Coasthopper service that NG were operating commercially at the end.

What I would say if any other company wanted to come into the area they only have to see how Lynx did it and there would be a battle on.
Only difference is that the tendered services are not up for tender again for around six years.

Offline Cheltonian

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Re: Companies House - Go West Travel
« Reply #2 on: August 10, 2018, 02:25:55 PM »
Is Lynx not doing to Stagecoach what Norfolk Green did to First? In the end First also pulled out except for the X1. There is not enough revenue in Kings Lynn for two operators.
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Offline linkyyork

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Re: Companies House - Go West Travel
« Reply #3 on: August 11, 2018, 07:14:15 PM »
Partly true, but in NGs case they got into the area by winning tenders for the area, no doubt as you say by undercutting First.

The only competing service NG had against First was when they started running the Coasthoppers fast between Kings Lynn and Hunstanton.

That must have took more revenue away from First with the result they later sold out to NG.

You say there is not enough revenue for two operators in Kings Lynn so why did Lynx come on the scene, but of course there are still two operators working in Kings Lynn, not Stagecoach, but  West Norfolk Community Transport.