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Eastonways folds after rising costs and arson

By Isle of Thanet Gazette  |  Posted: October 11, 2013

JOB LOSSES: Eastonways have gone into liquidation

JOB LOSSES: Eastonways have gone into liquidation

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FOURTEEN members of staff at Eastonways lost their jobs last week after the bus company went into liquidation.

The firm called in receivers on October 3. Vandalism, insurance costs and maintenance bills were cited as reasons to close.

Director Peter Howe said: "I bought Eastonways in 2011 and from the outset we were up against it. I decided to buy the company to save jobs for local people and keep serving the local community.

"After only three months in we were subject to an arson attack which destroyed seven vehicles and forced me to finance the vehicles, which the company could not really afford."

Kent County Council has handed the routes to Stagecoach as an interim measure.

Jeremy Cooper, commercial director for Stagecoach, said: "Stagecoach in East Kent stepped in overnight to replace bus services previously operated by Eastonways for Kent County Council. We were advised that Eastonways were unable to operate routes and we worked through the evening preparing schedules, briefing staff and servicing reserve vehicles so that we operated all of KCC's contracts the following morning.

"We expect to continue providing the routes for some months pending their re-tender."

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