BUS COMPANY OWNERS SELL AFTER 30 SUCCESSFUL YEARS
The family owners one of South Wales’ best-known bus companies have reached the end of a long and successful road with the sale of their business to a major national operator.
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Glyn Williams, his wife Jean and son Tim set up Glyn Williams Travel over 30 years ago with one mini-bus, and drove the business to become one of the longest established and most successful bus companies in the South Wales Valleys, employing 50 people.
Now the family members have sold their shares in Crosskeys Coach Hire Ltd, which traded as Glyn Williams Travel, to Red and White Services Ltd, a subsidiary of Stagecoach plc.
The business developed since 1973 through a continuous three-decade partnership with South Wales professional advisors Broomfield and Alexander, who have provided tax and accountancy advice to Glyn and his family from the earliest days.
The firm was instrumental in advising in the sale, in which Cardiff solicitors Capital Law acted for Glyn, Jean and Tim.
Originally running coach tours to Europe, Glyn Williams Travel took advantage of de-regulation in the market in the 1980s and built up a successful network of some 30 bus routes which at its peak helped 10,000 people a day get around Cardiff, Newport, Ebbw Vale and the Valleys.
Glyn’s son Tim joined his father in the business straight from school, taking on responsibility for the mechanical side of the operation. In his time, no coach belonging to the company ever failed its MOT.
As a fanatical motorcyclist who indulges in his hobby with trips to far-flung locations such as Cambodia, the sale has freed up time for Glyn to plan some more journeys on two wheels rather than four.
“I can’t believe I’ve had such a run over 30 or more years,” said Glyn. “I first ran a bus between Crosskeys and Nantgarw Colliery, almost for a bit of fun, but with the help of Broomfield and Alexander all that time, we built up a successful business. It’ll be sad to let go, but I’ve got other plans up my sleeve, so I won’t be taking it easy just yet – although I might think about doing a few more motorbike journeys now that I’ll have a bit more time on my hands!”
Broomfield and Alexander senior director Mark Jones is only the second principal in the firm to have advised the family business. “As a company, we’ve had an unbroken relationship with Glyn over a long period of time,” he said. “We obviously wish him well in the future. Somehow I think we’ll be seeing more of him again – and not just on the back of a motorbike!”
Capital Law Corporate Partner, Nicola McNeely, confirmed: “It was a pleasure to deal with Glyn, Jean and Tim and to work with the team at Broomfield & Alexander to get the deal completed quickly. We wish Glyn, Jean and Tim all the best for the future”.
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