Thamesdown Transport Limited sold to major bus operator
Thamesdown Transport Limited has been taken over by a major commercial bus operator after councillors agreed to sell the Council’s shares in the company.
The decision to sell the bus company to Go South Coast, part of the Go Ahead Group, was taken at Wednesday night’s Cabinet meeting (1 Feb) and will ensure Thamesdown Transport has a sustainable future.
The bus company has incurred losses over the past five years due to difficult trading conditions, despite continued financial support from the Council.