Begbies Traynor appointed administrator of Gibson Direct
Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed joint administrators of Renfrew-based bus company Gibson Direct Ltd.
Established in 1996, it had a fleet of 50 vehicles and operated in Glasgow and across Scotland.The bus company provided transport for football fans and held a number of contracts to provide coach hire to football supporters’ clubs and school coaches to councils, as well as offering wedding coach hire and executive coach hire.
The company was unable to recover from the impact of Covid-19 lockdowns which had a significant impact on its business.
On April 6, all 25 employees were made redundant and liquidators were appointed.
Ken Pattullo, managing partner at Begbies Traynor in Scotland, said: “Unfortunately, like many other sectors, transport services have suffered from the impact of Covid with multiple lockdowns resulting in businesses facing periods without revenue.
“In particular, Gibson Direct was severely affected by the repeated withdrawal of school bus services over the last two years as remote learning for children was implemented, and this proved to be too heavy a burden for the business to bear.
“We are currently in the process of realising any assets we can to provide the best return for creditors, as well as liaising with councils and alternative operators to help minimise disruption and cover the school bus services.”