BannerAd   

BannerAd

        



Tellings reports aquisitions and growth

Article Image

TWO NEW acquisitions have been completed by Tellings to coincide with its announcement of strong growth in its maiden results as an AIM-listed company.
The company, headed by Steve Telling, has acquired the entire share capital of Wings Luxury Travel and the coach hire and excursion business of Frank Harris Coaches.


The Wings’ deal brings three TfL contracts including 17 buses and a total of three coaches from Harris which will relocate from the Tellings depot at Dartford ending an 80 year history of operation from Grays in Essex.


The total consideration for both deals, according to the company, is around £500,000 in cash.


“The acquisition of Wings will increase the number of TfL routes operated by the group from 18 to 21,” says chairman Steve Telling. “Harris represents an attractive opportunity to increase our coach hire activity and increase utilisation of our Dartford depot.”


Telling believes the flotation has enhanced the company profile and its ability to acquire businesses. “With the good start already made and the momentum we have created to grow the business, the board is confident of a satisfactory performance being achieved for 2004.”


Results for the year ended 31 December 2003 show a 29 per cent increase in turnover to £27.6million and an 89 per cent increase in pre-tax profits to £2.85million. Tellings had cash balances of £0.96m and overall net debt of £4.96m.


Since its flotation last August the company has acquired the bus business of Crystals of Dartford and the remainder of the shares it did not already own (62.7 per cent) in Burton Coaches.



Bookmark and Share  


Related Content

Tellings acquires 20-vehicle Wiltax Buses

TELLINGS Golden Miller has expanded in Surrey with the purchase of Wiltax Buses of New Haw.

Arriva to acquire Tellings

ARRIVA has reached agreement to acquire the entire share capital of Tellings Golden Miller in an offer that values the latter at £10.

Tellings acquires Hylton Castle Motors

TELLINGS has announced the acquisition of Tyne and Wear-based Hylton Castle Motors which will be integrated into its existing Classic Coaches operation, managed by Ian Shipley.

Metrobus buy Tellings Dartford operation

Tellings Golden Miller is selling its Dartford operations to Metrobus.

Blazefield: Going for growth

"Passenger growth is the key to everything we do", says Giles Fearnley, chief executive of Blazefield Holdings, "and we’re better at growing revenue than cutting costs".

Tellings buys Arriva's Colchester depot

AIM-listed Tellings’ expansion continues with the acquisition of the Colchester operation of Arriva.



International news

SMRT orders Enviro500s

SMRT Corporation has ordered its first double-deck buses, 201 ADL Enviro500 tri-axle models for delivery in 2014-15.

Electric Citea trial

Next month will see VDL deliver its first Citea Electric to Finland, where it will be operated by Veolia Transport in Espoo, in the Helsinki area, for two years as part of the country’s eBus project which is researching electric vehicle systems.

Scania expands in Taiwan

Scania is strengthening its position in the Taiwanese bus market with orders for 180 chassis from two operators and with the addition of two new workshops to its service network.

Setra in the lead

Zerzuben Touristik of Visp is taking delivery of 15 Setra touring coaches, 11 ComfortClass 500 single-deck and four S431DT double-deck, all with Euro 6 engines.

Bio-diesel hybrid order

Uddevalla Omnibus, on Sweden’s west coast, has ordered five hybrid buses and five ambulance coaches from Volvo.

Volvo builds low-cost UD range

Volvo in India is launching a bus range designed for developing markets.



Product news

Texa 2014 tour dates confirmed

TEXA has announced dates for a tour of key venues throughout the UK and Ireland in 2014 which is designed to allow both existing and potential customers to see its latest hardware and software products.

Book early for aircon servicing

As the summer holiday season beckons, operators are being urged to get their services in early by Grayson Thermal Systems, Thermo King’s sole approved distributor to the UK’s bus and coach sector.

New entrants for IRTE Skills Challenge

The IRTE Skills Challenge, which aims to find the best mechanical, electrical and bodywork technicians in the bus and coach world through testing skills and knowledge has attracted a number of new participants this year.

New Bridgestone all-position tyre

Low cost per kilometre and high safety throughout the tyre’s total lifecycle are among the benefits that Bridgestone claims for its new all-position U-AP 001 tyre.

M-ticketing being rolled out at First

First UK Bus is rolling out m-ticketing across its network during 2014 with customers in Aberdeen and Worcester being the first to benefit from the new payment option.

Voith makes further municipal conquest

Reading Buses is the latest municipal company to opt for Voith bus transmissions with the DIWA 824.



People in the news

Beagrie to step down from EvoBus

MIKE BEAGRIE, interim chief executive officer and managing director of EvoBus UK is to leave the company in June when MICHAEL THIELMANN takes control of the business.

Weimar leaves First

First UK Bus chief operating officer JEROEN WEIMAR has left the company.

Award for De Courcey's Godwin

Seven coach industry professionals secured Gold Awards in the 2014 UK Coach Awards.

Carter for First

First UK Bus has appointed ALEX CARTER as managing director for its south-west business, which covers bus operations in Cornwall, Devon and Somerset.

Pike appointed to Irizar UK

CHRS PIKE has been appointed aftersales manager at Irizar UK.

Graduate moves at North East

After four months with Stagecoach North East, Northumbria University graduate MARK MIDDLETON has been promoted to marketing assistant.

 

Latest News | View All News

Wright forecasts electric breakthrough

The next five years could see a breakthrough in the viability of battery electric buses, according to William Wright, the former chairman of the Wright Group.

Stagecoach confirms 10pc cut in Wales

A major reduction of its operations in South Wales from July has been confirmed by Stagecoach with the closure of its 30-vehicle depot in Brynmawr.

Crystals closes with contract loss

Crystals Coaches has closed down after being excluded from bidding for a contract to carry children with special educational needs for the borough of Kensington and Chelsea.

Tougher rules for sporting events

Revised guidance for coach travel to sporting events in England and Wales has been published by the senior traffic commissioner.

Catch the Bus Week coming

Monday sees the launch of Catch the Bus Week 2014, a campaign coordinated by Greener Journeys and designed to encourage people who do not normally travel by bus to leave the car at home.

Wales funding for co-ordination

Welsh transport minister Edwina Hart has announced £200,000 to support more efficient ways of co-ordinating conventional bus, community transport and local authority services in the Vale of Glamorgan and Ceredigion, including the use of council vehicles to help people get access to health and social care.



Latest vehicle deliveries

Leopard duo for Birmingham’s Aziz

Aziz Coach Service of Birmingham has taken delivery of two 12.

New Adventure’s double-deck Scania

New Adventure Travel of Cardiff has expanded with the acquisition of a tri-axle Scania K440EB with VDL Berkhof Synergy bodywork.

Repeat Setra delivery for Lodge’s

Essex operator Lodge’s Coaches has taken delivery of a three-axle Setra S416GT-HD.

Lakeside take first 14m coach

The first 14m vehicle for Lakeside Coaches of Ellesmere, Shropshire, is this tri-axle Volvo B11R coach with Sunsundegui SC7 bodywork.

Flexible Leopard for island operator

Jamiesons Coaches, based on the Shetland island of Yell, has taken delivery of a Plaxton Leopard.

First accessible coach joins Mayne

Mayne Coaches of Warrington has taken delivery of its first wheelchair-accessible coach, a 14-registered executive specification Plaxton Elite based on a Volvo B9R underframe.



Coach tourism news

BannerAd

See our special e-dition on the RDA Workshop and Cologne. Click above to view.

Summer running times for West Somerset

The West Somerset Railway will be running its steam trains every day during the summer until 5 October.

Outstanding scenery on Llangollen line

Located within an Area of Outstanding Natural Beauty (AONB), Llangollen Railway passes through one of the most scenic and historically interesting valleys in Britain with the Berwyn Mountains towering above on either side as it follows the course of the River Dee.

Blackpool asks for your views

VisitBlackpool is planning to make improvements to the resort’s coach facilities and are asking coach operators and drivers for their input in a survey of the current facilities and a chance to make suggestions about what they would like to see.

Jazz cruising evenings on Windermere

Regular Jazz Buffet Cruises will be running on Windermere throughout the summer months, operated by Windermere Lake Cruises.

Two more towns win Coach Friendly status

Two towns have joined the select group of destinations to be awarded CPT’s Coach Friendly status, Devizes in Wiltshire and Burnham-on-Sea in Somerset.

Packed schedule of events for Arundel

Arundel Castle in West Sussex is one of the largest inhabited and complete castles in England.