Diamond Bus North West

[Barney]

RE: Diamond Bus North West

(16/01/2021 07:30)Mrboo Wrote:  As they will look at the profits of the company and how much each route makes that not on tender as any profit off a tender could be removed if they did not get the tender. we are now looking at 1 year of low numbers if they look at the Avg of last 5 years or since ownership. On paper DNW is worth less then 12 months ago. I had a friend who had a C.P on his nightclub they looked at his books and as he was silly with his paperwork. Got less then he would of done if he accounted for in`s and out`s better

As I understand it, the entire route network, fares, frequencies and vehicle type would be determined by TfGM as currently happens in London. Bus operators would be invited to tender for specific routes or bundles of routes and it would be then up to TfGM to award these contracts. In most cases - though not all - the contract would most likely be awarded to the operator with the lowest tender for financial support.

This franchising system has been adopted successfully in many parts of the world.

As for your friend who was "silly with his paperwork", did he not realise that the first legal requirement of running a business is to keep detailed, accurate accounts and that they need to be submitted to HMRC annually? Anyone on this site who runs a business (bus or otherwise) will confirm this to be the case.