Wrightbus
Wrightbus
(25 Sep 2019, 2:19 pm)streetdeckfan
I honestly think this is the end for Wrightbus, at least as it is now.
After doing a bit more research and seeing what has came up in the news after this, I wouldn't touch it.
The fact that they made a £4 million donation to a charity run by the owner's son which caused them to make a loss of nearly £2 million.
The same son also happens to own the land and factory, which Wrightbus rent for £1.5 million a year.
It all smells of tax evasion and fraud to me.
Thing is, all the designs, all the kit etc are worth something to someone.
Even after MCW went to the wall, their adapted designs were being pumped out.
If the price is attractive and a profit can be made, people will be interested in buying - even if it is just certain assets.
Thinking out loud, I'm sure Northern Counties had similar issues. No idea if there had been any religious dealings on their part!
(25 Sep 2019, 2:19 pm)streetdeckfan
I honestly think this is the end for Wrightbus, at least as it is now.
After doing a bit more research and seeing what has came up in the news after this, I wouldn't touch it.
The fact that they made a £4 million donation to a charity run by the owner's son which caused them to make a loss of nearly £2 million.
The same son also happens to own the land and factory, which Wrightbus rent for £1.5 million a year.
It all smells of tax evasion and fraud to me.
Thing is, all the designs, all the kit etc are worth something to someone.
Even after MCW went to the wall, their adapted designs were being pumped out.
If the price is attractive and a profit can be made, people will be interested in buying - even if it is just certain assets.
Thinking out loud, I'm sure Northern Counties had similar issues. No idea if there had been any religious dealings on their part!
