North East Buses

https://find-and-update.company-informat...ng-history

£5,164,000 profit last year...

(05 Oct 2025, 12:48 pm)Iamtheone8483748 wrote [ -> ]https://find-and-update.company-informat...ng-history

£5,164,000 profit last year...

Must be all the money they've saved on the endless repaints since the MG years.

(05 Oct 2025, 4:34 pm)stagecoachbusdepot wrote [ -> ]Must be all the money they've saved on the endless repaints since the MG years.

Hopefully can spend some money getting some B8L EvoSetis for the X10!!

(05 Oct 2025, 12:48 pm)Iamtheone8483748 wrote [ -> ]https://find-and-update.company-informat...ng-history

£5,164,000 profit last year...

Excellent timing.  Now, about that pay deal....

(05 Oct 2025, 4:34 pm)stagecoachbusdepot wrote [ -> ]Must be all the money they've saved on the endless repaints since the MG years.

I mean that'll be some of it, but I'd say it's more likely the butchered network combined with trying to pretend that the costs incurred by their compulsory redundancy scheme were financial performance related.

Of course, it raises the question of why profit should be rising, at the same time the level of public funding continues to rise. Sounds like a broken system to me.

(06 Oct 2025, 2:14 pm)Adrian wrote [ -> ]I mean that'll be some of it, but I'd say it's more likely the butchered network combined with trying to pretend that the costs incurred by their compulsory redundancy scheme were financial performance related.

Of course, it raises the question of why profit should be rising, at the same time the level of public funding continues to rise. Sounds like a broken system to me.

It's hard to tell where it's from aswell as EYMS and Procters Group are under GoNorthEast Limited, so GoNorthEast could be still losing money and it's all really coming from Hull.

You'll never know but the fact they broke that off with it's own director and dumped GNE with Manchester probably gives a hint which side is doing better.

That's before going into the discussion of where certain costs are being dumped into as Feetham's wages could be coming out under GoNorthWest which is separate again which made a loss before tax adjustments - which I don't believe for a second either.

No problem with them making a profit. I just want them to give the buses a bloody deep clean now and then!

£5 million sounds like a healthy profit but it seems marginal when compared with, say, what it would have cost to replace the angels with electrics without grant support. They’re only a major capital investment away from filing a loss, again.

(06 Oct 2025, 6:49 pm)BusLoverMum wrote [ -> ]£5 million sounds like a healthy profit but it seems marginal when compared with, say, what it would have cost to replace the angels with electrics without grant support. They’re only a major capital investment away from filing a loss, again. 

Or a change in government policy that takes the begging bowl away...

(06 Oct 2025, 6:49 pm)BusLoverMum wrote [ -> ]£5 million sounds like a healthy profit but it seems marginal when compared with, say, what it would have cost to replace the angels with electrics without grant support. They’re only a major capital investment away from filing a loss, again.

What is laid bare is the cost of running bus services. The sheer amount of sales needed to make such a small profit.

(06 Oct 2025, 7:07 pm)Andreos1 wrote [ -> ]Or a change in government policy that takes the begging bowl away...

Well, quite.