Begbies Traynor Group

Ayrshire bus and coach company placed into Liquidation

Coach Company.png
Date Published: 23/02/2022

On 16 February 2022 Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint provisional liquidators of John Keenan & Sons (Darwin Garage) Ltd.

The bus and coach business was located in Coalhall, By Ayr.

The company had been providing private hire contracts and school transport services since 1977.

In the recent period, the business operated circa 18 vehicles and provided school bus services and passenger routes across Ayrshire.  

All 18 staff were immediately made redundant by the liquidators on 16 February for reasons of insolvency. 

Begbies Traynor has liaised with Strathclyde Passenger Transport, in conjunction with South Ayrshire Council, to ensure an ongoing service for all of the company’s school bus routes via alternative means.

Thomas McKay, partner at Begbies Traynor, said: “Unfortunately, after the last two years of difficult trading, the business has suffered from a cash flow perspective and latterly proved unviable, due to material decreases in turnover and remote learning for children, resulting in a reduction in the number of buses on the roads and income for the business.

“Alternative operators have been contacted to cover the school bus services in order to minimise disruption to passengers. We are now in the process of dealing with the company’s affairs and realising any assets to provide the best return for creditors.”

About The Author

Meet the Team

Thomas joined Begbies Traynor in 2005 and has significant experience in the advisory and restructuring sector. He has acted in borrower and national mainstream Bank engagements, providing turnaround and strategic advice in a vast amount of both solvent and insolvent capacities.

He has undertaken secondments in the UK for the Clydesdale Bank and National Australia Bank UK CRE, recovering over £200m in their property workout portfolios, with specific advice provided on risk management , dispute resolution, restructuring and debt advisory in Scotland and England.

Recent engagements in the SME market include:

  • Refinancing reviews, and solvent property workouts
  • Delivering full option reviews with related disposal programs
  • Consensual de-gearing advice and delivery of accelerated marketing strategies
  • Turnaround and related insolvency advice in Scotland and England

Sector Specialisms:

  • Property
  • Retail
  • Construction
  • Licensed Trade

Professional Qualifications:

  • Chartered Accountant
  • Institute of Chartered Accountants in Scotland

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