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Welsh giant goes

13th February 1992, Page 25
13th February 1992
Page 25
Page 25, 13th February 1992 — Welsh giant goes
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Which of the following most accurately describes the problem?

/ National Welsh is being soldoff piecemeal only a month after calling in the receiver with nearly £.5m worth of debts (CM 9-15 Jan).

Last week Aberdare-based Cynon Valley Transport bought National Welsh's Aberdare and Merthyr depots with 50 buses, making 65 drivers redundant.

Byfleet-based coach operator Tellings Golden Miller has bought the Porth site and 75 buses, which it will run as Rhondda Buses.

Receiver KPMG Peat Marwick is optimistic about selling the three remaining sites at Bridgend, Barry and Caerphilly, which run a total of 150 vehicles.