ALL services by Yellow Buses will cease operation on Thursday night, as a buyer is not found for the bus side of the business. 

The administrators announced they expect an agreement with a buyer to be signed on Friday to save the coach side of the business, saving approximately 50 jobs. 

A buyer was not found for the bus operations side of Bournemouth Transport Ltd, which trades as Yellow Buses, it has been confirmed by administrators this evening. 

It is still unclear who the buyer will be.

Read more: BCP Council to explore options as Yellow Buses routes end

Read more: Yellow Buses future uncertain as up to 300 staff could lose jobs

Simon Rowe and Rachel Hotham of Milsted Langdon were appointed as administrators of Yellow Buses on Friday, July 29. 

Bournemouth Echo:

Simon Rowe said: “Whilst we are delighted that the proposed deal will save a significant number of jobs, it is hugely disappointing that we weren’t able to secure the remainder of the business and the jobs attached to it. 

“We have informed the staff of the position and I would like to thank all of them for their patience and understanding over the last few difficult days.  

“I would also like to thank the other stakeholders who have offered and given their support, in particular BCP and UNITE, both of whom took an active interest and tried to help us present a vision of a sustainable future for Yellow Buses. 

Read more: Morebus are to take on main routes served by Yellow Buses - full list here

“Unfortunately, in the end, the financial challenges which the company faced during its trading life meant that every buyer we spoke to felt that the prospects were not commercially viable. 

“The closure of Yellow Buses leaves a gap in the public transport network for the residents and visitors to Bournemouth, Poole and Christchurch and we are working with BCP and MoreBus to try and minimise the disruption this will inevitably cause.” 

A further statement will be announced once the deal, expected to be reached on Friday, has been completed. 

Read more: Yellow Buses has gone into administration

The historic company went into administration on Friday, July 29, blaming covid, fuel price rises and the rise in inflation as factors for the company’s struggles. 

The directors of the business have “for some time” been looking for outside investment or buyers for Yellow Buses. 

In a statement released on Friday, the administrators said: “Negotiations with a large national operator have entered the final stages and we hope to be able to conclude within a matter of days.”