[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 7 sources · 2 days · First seen · Last updated

Community Transport for Nottingham bankruptcy

Overview

Community Transport for Nottingham (CT4N), a provider operating since 1979, announced its immediate cessation of operations due to bankruptcy. The company cited rising costs for fuel, insurance, vehicle maintenance, and personnel, as well as regulatory pressures, as the primary reasons for its inability to sustain operations. The collapse resulted in the immediate termination of nearly 76 employees and disrupted over 20 routes across Nottinghamshire and Derbyshire.

Following the collapse, the Mayor of the East Midlands, Claire Ward, and the East Midlands Combined County Authority began working with local authorities to secure replacement services. To minimize disruption to passengers accessing work, education, and healthcare, some routes have been transitioned to alternative providers. For example, Nottingham City Transport (NCT) agreed to operate the Number 18 service between Nottingham, Beeston, and Stapleford. Additionally, the authority pledged to support displaced CT4N employees through regional employment and skills programs.

Entities

Nottingham City Transport · Claire Ward · East Midlands Combined County Authority · CT4N · Nottinghamshire

Timeline

  1. 11 days ago

    [BUSINESS] 2 sources
    East Midlands Mayor moves to protect bus services after CT4N collapse

    The East Midlands Mayor is working to secure replacement bus services and support employees following the collapse of operator CT4N, which has disrupted routes in Nottingham, Nottinghamshire, and Derbyshire.

  2. 12 days ago

    [BUSINESS] 5 sources
    Community Transport for Nottingham declares bankruptcy

    Community Transport for Nottingham (CT4N) has declared bankruptcy and ceased all operations, affecting 20+ routes in Nottinghamshire and Derbyshire and resulting in the loss of nearly 76 jobs.

Sources

bursahakimiyet.com.tr · demagog.cz · guvengazetesi.com.tr · gzt.com · publicsectorexecutive.com · viaggioneltempo.com · westbridgfordwire.com