Rescue bid hope for Velvet Bus staff


There is hope for the staff who lost their jobs at Velvet buses yesterday as a potential operator has stepped forward this evening with a bid for some of the business which means some services will resume tomorrow.

Yesterday 22 people were made redundant after the company announced it was no longer able to keep trading.

Matthew Fox from the insolvency and specialist Chantrey Vellacott who managing the companies affairs has released the following statement:

“After being alerted by news of the failure of Black Velvet Travel Limited an interested party has come forward with a proposition which could see Velvet buses return to the road.

“After lengthy negotiations an interim agreement has been reached with a bus company which will see services recommence on Friday morning on routes A, S1, S2, B4, M and 503.

“Negotiations for a permanent arrangement are continuing while a full recovery plan is put in place. We are in dialogue with Southampton City Council and will provide a further update when it is possible to do so.”

Pic ©Arriva43