Stagecoach posts £2m loss at King’s Lynn

Accounts filed at Companies House by Go West Travel — the company formerly known as Norfolk Green — at the end of January reveal that in the year to 28 April Stagecoach East recorded a loss of £2.14million on its King’s Lynn operations. £1.96million is put down to exceptional restructuring costs in the closing down of the King’s Lynn business. Turnover for the year was £6.55million, down significantly from £7.6million in 2017.

The main Cambus business of Stagecoach East in Cambridgeshire and Bedfordshire recorded a profit of £7.14million (2017: £7.13million) on turnover of £56.28million (2017: £56.77million).

Why Stagecoach quit King’s Lynn, see p52