The company previously ran the Medilink services between the Queen’s Medical Centre and City Hospital
CT4N operates out of the historic Sherwood Bus Depot building on Mansfield Road(Image: Joseph Raynor/Reach PLC)
A major Nottinghamshire bus operator offering “vital” services has avoided liquidation with 75 members of staff protected.
On October 22, CT4N, which runs services across Nottinghamshire, said it had proposed an insolvency process after facing challenging trading conditions.
The charity, the name of which stands for “Community Transport for Nottingham”, offers crucial services including accessible vehicles for people with disabilities.
CT4N also used to run the low-cost Medilink services between Nottingham’s two main hospitals, Queen’s Medical Centre and City Hospital, before it changed hands in September.
The company has now entered a voluntary insolvency deal – one which “protects the livelihoods” of 75 staff members and means its services can continue.
The company’s managing director, Barry Allitt, said: “The approval of the CVA proposal allows us to move forward with confidence. We remain committed to delivering the essential transport services our communities rely on, while protecting the livelihoods of our employees.
“This arrangement provides a sustainable path forward and ensures the best possible outcome for our creditors and stakeholders”.
CT4N has entered an insolvency process known as a company voluntary arrangement (CVA), used to avoid liquidation or administration.
This means the business will repay its debts to creditors over a fixed period of time while services continue to run. The company’s creditors unanimously accepted the proposals on Thursday (October 30), meaning CT4N’s services across Nottinghamshire will continue as usual.
It comes after the Medilink service – which CT4N had ran for 11 years – changed hands to Bulwell-based coach company Skills in September. The service transported staff and patients to the city’s hospitals, with the service completely free to all NUH employees.
Meanwhile in June, staff had planned to strike over low pay, however this was later suspended. CT4N was founded as a charity in 1979 to help some of the most vulnerable by offering low-cost bus journeys.
The not-for-profit company operates out of the historic Sherwood Bus Depot building on Mansfield Road and its other services include Easylink, a pre-booked service which sees people being picked up right outside their door.