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Bus company in good shape

McGill’s defies tough conditions to lift profits

McGill's busMcGill’s Buses has defied tough trading conditions to post a 12.5%  increase in pre-tax profits to £3.6 million. Turnover rose by £3m to £38.3m.

The Greenock-based company said the results were achieved against a difficult backdrop, with weather and congestion on the road network among the challenges faced by the company. 

Ralph Roberts, managing director, said: “Against tough trading conditions it was pleasing to see an increase in turnover and profit, further highlighting McGill’s position as a trusted and valued bus operator in the west of Scotland.

“The period covered by the results was greatly affected by poor weather, which has a knock-on effect on both the number of passengers and the distance travelled by those passengers.

“We also experienced problems with the road network, especially around the new Queen Elizabeth University Hospital in Glasgow, whilst there was a notable increase in congestion generally.

“Despite a significant increase in the cost of operations, we were able to record healthy results which reflects well on the development of the company over the past five years. Both frontline staff and McGill’s management have worked hard over this period to expand the company whilst simultaneously improving customer experience through new fleets and routes.”

McGill’s Bus Service  is owned by Arranglen, the investment vehicle of the Easdale family.

James Easdale said: “Across the industry we have seen other bus operators struggle to maintain their level of performance and profits so it is a tribute to the executive management team that McGill’s has exceeded expectations in a difficult climate.

“McGill’s is well placed to continue its expansion, and the board is ambitious that as an independent operator it can continue to punch above its weight. Our performance allows us to invest in new vehicles at every opportunity. We don’t intend to stand still and these results provide that platform.”

 



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