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Pilgrim's progress

11th April 1987, Page 18
11th April 1987
Page 18
Page 18, 11th April 1987 — Pilgrim's progress
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Which of the following most accurately describes the problem?

• Hampshire Bus has become the first local bus company in National Bus to be sold to an outside bidder.

The new owner of Hampshire Bus and its sister company, Pilgrim Coaches, is Skipburn, a specially-formed holding company.

Skipburn outbid several other parties, including a joint offer from the present management teams of Hampshire Bus and Pilgrim.

The major shareholder in Skipburn is a Canadian, Fraser McColl, who is president of Hyalog Oilfield Services in Edmonton, Atlanta. McColl has provided the backing for his nephew and niece, Brian Souter and Ann Gloag, to buy Hampshire and Pilgrim.

Souter and Gloag currently manage the Stagecoach intercity coach service and a number of local bus services in Perthshire and Glasgow.

Souter has been appointed the new chairman of Hampshire Bus with Gloag as company secretary.

The present managing director of Hampshire Bus, Dawson Williams, is to retain his post as a shareholder in Skipburn. He will be responsible for the day-to-day management of Hampshire Bus and Pilgrim Coaches from the Eastleigh head office.

The two companies currently operate a combined fleet of 243 buses, minibuses and coaches, and employ 620 staff at depots in Andover, Basingstoke, Eastleigh, Southampton and Winchester.

This sale brings to 30 the number of NBC subsidiaries which have been privatised.


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