BREAKING: CUSTOM BUS SOLD - TELFORDS NEW OWNER

By: Fabian Cotter


EXCLUSIVE: 5 APRIL, 2018, SYDNEY – Custom Buses Holdings Pty Ltd has been sold to Telfords Bus & Coach, announced as of immediately today!

BREAKING: CUSTOM BUS SOLD - TELFORDS NEW OWNER
Telfords - from bus operator to bus-body builder thanks to the recent purchase of Custom Bus.

On 16 March 2018, Worrells Solvency & Forensic Accountants successfully sold the business of Custom Bus Australia Pty Ltd to Telfords Bus & Coach, part of The Dunn Group and a leading Australian bus and coach charter company supplying transportation since 1978.

While several offers were received by the administrators - Simon Cathro and Aaron Lucan - in the weeks preceding the sale, the Telfords offer provided the highest return to creditors and achieved the aim of saving an Australian manufacturing business integral to the local economy.

Custom Bus is a manufacturer operational since 1955, which has focused on building high-quality buses for the Australian transport industry. In recent years, it has primarily built buses for use by the New South Wales and South Australian Governments. In the coming weeks, the business will be moved from its current location to a site in New South Wales that is more suitable for Telfords operations.

With regards to the sale, Simon Cathro stated: "We are happy to find a buyer willing to purchase the business in its entirety and continue to trade the operation. It was also pleasing that Telfords, who is a successful Australian operation, will see the business continue to operate in Australia, supporting local jobs".

Worrells was appointed administrators to Custom Bus on 18 January, 2018, and traded the business, in a limited capacity, for eight weeks before its eventual sale to Telfords Bus & Coach.

The Dunn Group?

According to the Telford’s website, in 2009 Scott Dunn founded The Dunn Group and started operating under the brand of yourbus in Nottingham, England.

The operation started with seven second-hand buses, but the focus was always on differentiation of services through delivering high-quality bus services, it states.

The UK operation grew to more than 140 buses by 2013 operating on a mixture of local bus routes throughout Derbyshire and Nottinghamshire and Express coach services all over the UK.

On 14 May, 2014, The Dunn Group expanded into the Australian school and charter market with the acquisition of Telford Bus & Coach.

Since the acquisition, the fleet has grown from 67 to 98 buses and various new contracts have been obtained, the company states.

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