About: Ealing Community Transport   Sponge Permalink

An Entity of Type : dbkwik:resource/TwQWnEbNet4B9kfYLsAUVg==, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

Ealing Community Transport (ECT) is an English social enterprise which provides various services, including recycling and community transport as well as being one of many operators of London Buses. It has also operated in the national rail industry. In 2008 the Group experienced severe trading difficulties which led to a team of corporate finance and restructuring experts from TLT Solicitors advising the ECT Group on a three phase restructuring including the refinancing of the business, the share sale of the recycling division and the share sale of its rail business. The 24 companies in the Group turning over more than £70million and employing 1,100 were reduced to just eight, focused solely on transport. The £15.5 million sale of £47 million turnover business 'ECT Recycling' to AIM listed

AttributesValues
rdf:type
rdfs:label
  • Ealing Community Transport
rdfs:comment
  • Ealing Community Transport (ECT) is an English social enterprise which provides various services, including recycling and community transport as well as being one of many operators of London Buses. It has also operated in the national rail industry. In 2008 the Group experienced severe trading difficulties which led to a team of corporate finance and restructuring experts from TLT Solicitors advising the ECT Group on a three phase restructuring including the refinancing of the business, the share sale of the recycling division and the share sale of its rail business. The 24 companies in the Group turning over more than £70million and employing 1,100 were reduced to just eight, focused solely on transport. The £15.5 million sale of £47 million turnover business 'ECT Recycling' to AIM listed
sameAs
dcterms:subject
foaf:homepage
dbkwik:uk-transpor...iPageUsesTemplate
dbkwik:uktransport...iPageUsesTemplate
service area
Logo
  • ECT logo.png
Name
  • Ealing Community Transport
service type
Routes
  • 1(xsd:integer)
Fleet
Logo size
  • 119(xsd:integer)
Founded
  • Various
abstract
  • Ealing Community Transport (ECT) is an English social enterprise which provides various services, including recycling and community transport as well as being one of many operators of London Buses. It has also operated in the national rail industry. In 2008 the Group experienced severe trading difficulties which led to a team of corporate finance and restructuring experts from TLT Solicitors advising the ECT Group on a three phase restructuring including the refinancing of the business, the share sale of the recycling division and the share sale of its rail business. The 24 companies in the Group turning over more than £70million and employing 1,100 were reduced to just eight, focused solely on transport. The £15.5 million sale of £47 million turnover business 'ECT Recycling' to AIM listed maintenance services contractor May Gurney and the share sale of ECT's rail business to a subsidiary of Iowa Pacific Holdings, LLC, an American rail operator (for an undisclosed sum), meant that the ECT Group returned to its Community Transport roots.
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