As of the evening of 25th January 2013, Premier Travel have ceased all operations. This follows a spell of uncertainty, following a statement of intent to appoint administrators on Monday 21st February, and secure creditor protection.Auditors “RSM Tenon” were appointed in that role on 24th February: http://www.bbc.co.uk/news/uk-england-nottinghamshire-21190792
The closure of the company came within 24 hours, having initially hoped that a buyer could be found. The speed of the closure does give some insight into the financial condition of the company. There are reports that staff have unpaid wages.
Premier ran Tendered, Contract and Commercial services. Nottinghamshire County Council have stated that they will have a replacement contract for school services in place by Monday 28th. No word as to the tendered services, but they have as late shown a willingness to operate their own services. The University of Nottingham also contracted their services to PT. They, at this point have just observed on their website that all services are suspended for at least the full WC 28th.
In retrospect their commercial services mainly served corridors already served by other operators, and both TB and NCT have offered short term interim acceptance of PT’s tickets and passes on their services on the affected corridors.
Most notably, two significant corridors which have no alternative service have been quickly replaced:
Red 7 / 7.1 – NCT have promised a new 47/47A. This basically covers the existing route in its entirety. Timetables and fares are available from NCT.
Red 9 – Kinch have stated they will restore their withdrawn service No. 9 to replace the PT service.