For one East Midlands bus operator, “all change” is not the end of the line

11 November 2008  •  Author(s): Rob Hicklin, Finance Director, Nottingham City Transport

Keeping up with Nottingham’s public transport requirements has needed a few gear changes.

Nottingham City Transport (NCT) is the primary public transport operator in the historic East Midlands City. Winner of UK Bus Operator of the Year at the Bus Industry Awards in 2004, NCT employs 1,130 people in Nottingham, and sees almost half the population of the city use its services. It generates annual dividends for both the city council, the majority shareholder, that has seen a total return of £6.9 million in the past 20 years, and for Transdev, the multi-national transportation company, which owns an effective 18% stake in NCT. In 2007, the company generated an EBITDA of more than £6 million, enabling reinvestment in both vehicles and staff.

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