08 Jun '16, 12pm

West Wales firm ceases trading after no buyer is found; other operators take up contract work

West Wales firm ceases trading after no buyer is found; other operators take up contract work Silcox Coaches of Pembroke Dock ceased trading on Monday (6 June) after no buyer could be found for the business by administrators. It operated 65 vehicles. Silcox Coaches operated around 65 vehicles and had 92 employees Local reports say that all of its 92 staff have been made redundant, but a number of other operators – including Edwards Bros of Tiers Cross, Pontypridd-based Edwards Coaches, First Cymru and Taf Valley Coaches – have taken on Silcox’s contract work for Pembrokeshire County Council (PCC). A letter sent to staff by business recovery specialist Wilson Field, initially charged with finding a buyer for the Silcox undertaking, informed them that the company had “suffered financial difficulties in recent times, which has culminated in the directors attempting to source ...

Full article: http://www.route-one.net/articles/Employees/Silcox_ends_a...

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