Pleasurama's £2.3m bid revealed
Page 16
If you've noticed an error in this article please click here to report it so we can fix it.
• Pleasurama bid £2.3 million for National Holidays Limited Transport Secretary John Moore has revealed.
Although Moore refused to say how much lower the management and staff buy-out bid had been, Junior Transport Minister Lord Caithness said that the management offer was "considerably below" the offer from the Pleasurama subsidiary, Smiths Happiways.
Moore also declared that two other parties had bid for National Holidays, but they had been given assurances that their identities would not be disclosed.
National Holidays' accounts showed net assets of £297,000 at the end of last year, corn pared with £168,000 at the end of 1984.
Pleasura ma has told National Bus Company that it does not intend either to make significant redundancies or take on a large number of extra staff. It is understood that the existing employees are being taken on under roughly the same terms and conditions of employment.