Select Committee on Transport Minutes of Evidence


Supplementary memorandum submitted by Stagecoah UK Bus

  In reply to your letter of 29 June, the information requested is:

    —  Return on capital for Stagecoach UK Bus year to 30 April 2005 is 18%, calculated as operating profit (before interest and tax) over capital invested (tangible assets and stocks).

    —  Operating profit for Stagecoach UK Bus year to 30 April 2005 is:
Tyne & Wear13.2% (£14,000 per bus)
Manchester12.4%(£12,400 per bus)
London  8.4%(£13,900 per bus)


  Note that recent new acquisitions in Merseyside and South Yorkshire are currently loss- making. Year to 30 April 2006 Stagecoach UK Bus profit margin down from 12.2% to 11.4%.

    —  Stagecoach UK Bus fleet at May 2006:
DDAAge CCTV
%Years %
Scotland34%9.1 30%
North East41%9.6 33%
North West46%7.8 24%
South East45%7.6 17%
South West56%7.3 19%
Wales45%7.8 9%
London98%4.1 100%
UK Total52% 7.736%

NOTES:
  (a)  Stagecoach acquired large numbers of pre-DDA new buses in 1995/6/7 (2,286 in total) when the UK manufacturing industry was desperate for orders.

  (b)  Average fleet age Scotland and North East is depressed by recent acquisition of Yorkshire Traction Group.

  (c)  All new buses are now fitted as standard with CCTV cameras (£1.5 million pa cost)

    —  Passenger complaints for Stagecoach UK Bus year to April 2006 were 31,850 or one in every 25,000 passengers. Approximately 50% of these relate to driver performance.

13 July 2006





 
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