Stagecoach MCSL - Chester & Wirral Depots

[Garsty]

RE: Stagecoach Chester & Wirral
There is an interesting paragraph in this years Wrexham Council Financial report:

WCBC Wrote:The Council entered into a twelve year contract with First Group in June 2002 for the provision of school transport. The agreement involved the operation of ten yellow American style school buses (purchase cost £819k) at a cost of £1,900 per day (plus inflation). The Council has been unable to obtain detailed information from the contractor (now Stagecoach) to make an assessment as to whether the contract contains the substance of a lease and which would therefore result in the the vehicles and corresponding liability being included on the Council’s Balance Sheet.

Interesting to get a cost figure for the Bluebirds and even more interesting that they do not appear to know if its Wrexham Council or Stagecoach who actually own them.