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Stagecoach poised to buy Maynes

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STAGECOACH has agreed to purchase the bus operations of Maynes of Manchester, subject to approval from the Office of Fair Trading. Maynes is the city’s oldest bus company, having started operations in the late 1920s. The company runs 32 buses, has 80 employees, and a turnover of £2.6million. Its main operations are in the area between central Manchester and Ashton-under-Lyne, and include a mix of commercial and Greater Manchester PTE contracted routes.

The deal does not include the company’s coach business, which remains with Stephen Mayne.

Although the company was an early user of low-floor double-deckers, buying five Dennis Tridents in 1999, and two more in 2003, the fleet age averages around 11 years, with a number of elderly Scanias in operation. Scanias make up about half the fleet.

The company’s depot in east Manchester is being sold separately, and the Mayne bus operations are expected to be transferred to existing Stagecoach depots in Manchester, although the company is not commenting on that. All of Maynes’ employees, including long-serving general manager Gradyn Thompson, are expected to transfer to Stagecoach.

Some of Maynes routes overlap with existing Stagecoach services, which is why the deal – instigated by an approach to Stagecoach by Stephen Mayne - is subject to OFT approval.

www.mayneweb.co.uk

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