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Selwyns rescues Haytons of Manchester

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Haytons Executive Travel of Manchester has been rescued from administration by the Selwyns Travel Group saving around 60 jobs. The business faced serious cash flow difficulties. The managing director of Haytons, Barry Hayton, says: “Despite having been in the coach business for over 25 years, recent trading has been particularly challenging resulting in the need for the business to look for a strategic partner who could provide a stronger business platform for the future. This we feel we have managed to achieve with the sale of the business.”

The sale was handled by insolvency specialists Begbies Traynor whose Paul Stanley says: “We have been able to save 60 local jobs and sell the business as a going concern to another quality operator.

“The major issue here was the acceptability of potential purchasers to the two largest customers. Sensible negotiations between all parties have enabled a sale which will involve no disruption to services and no worry for passengers. This type of deal to an independent purchaser is a text book example of how the pre-packed administration procedure should work.”

Selwyn Jones, executive chairman of Selwyns, adds: “I am extremely pleased to have been able to acquire the business with an enviable reputation, strong brand and market position within the Manchester area. As a result of this acquisition Selwyns Travel Group have an additional operational platform which will place us in an extremely strong position to further develop our business.”

Selwyns Travel was founded in 1968 and has three operating centres, at Runcorn, Manchester Airport and St Helens. It employs around 170 people and operates 65 vehicles. Last month Haytons’ local bus services were taken over by Bluebird Bus & Coach. The Haytons coach business will continue to operate under its own name and with its existing management team.

www.haytonstravel.co.uk

www.selwyns.co.uk



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