The company, which is part of Mcgill’s Group, saw its turnover climb to £21.4m for the financial period ending 29 December 2024, up from £18.9m in the previous year.

Profit before tax grew to £5.0m, a 35% increase from £3.7m in the prior period. The profit for the financial period after taxation stood at £3.8m. The company’s net assets also saw substantial growth, increasing to £20.7m from £16.9m at the end of 2023.

The report attributes the strong performance to a growth in passenger numbers, which has been driven by “year-on-year improvements in service reliability and punctuality”. The operator now runs 99.5% of its scheduled mileage on a daily basis. This consistency has been supported by continuous investment in its vehicle fleet and success in managing a national labour shortage. No dividends were paid during the period.

Looking ahead, the directors identified several key risks, including competitive pressure from other bus companies, the rising costs of regulatory compliance, and the impact of fuel and labour costs. The report notes that labour is the “most significant element” of operating costs. An uncertain economic outlook, with inflated living costs, could also negatively impact demand.

The company highlighted its environmental commitment, which includes procuring zero-emission vehicles to replace older diesel models. However, it noted that the environmental impact of its operations could be “reduced significantly” if local and national governments implemented more bus priority lanes and other measures to tackle congestion.