Blackpool Transport

[Barney]

RE: Blackpool Transport

(30/06/2019 10:03)Paul_Turner Wrote:  Blackpool Transport paid a dividend to its shareholder.of £588,000 in 2018 - 2.4% of its turnover. The impact of borrowing for the new fleet saw the payment of for services/loan Charges etc to the council increase from £374,000 to £853,000.

As BTS is owned by Blackpool Borough Council, am I right in thinking that the £588K paid to its 'shareholders' was actually paid to BBC and this sum more than covers the increase in services/loan charges.

My understanding is that the big groups' shareholders expect a minimum profit margin of 5% of its turnover.

Also, as most of the fleet is new or nearly new, the fleet should be far more reliable and in the event of major fault it would be covered under manufacturer's warranty anyway.