Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.

Abstract

Stagecoach began life in October 1980 when the resources of the entrepreneurial Souter family were pooled to buy two second-hand buses. With a small, initially family-based team, the Company developed rapidly, concentrating first on express coach travel and then on local bus provision. In April 1993 the Company was floated on the stock exchange with a value estimated at £134 million. The liberalisation and privatisation of the 1980s facilitated the Company''s growth in the face of a declining industry. Through acquisition and with repeated purchases, a distinctive competence in the acquisition process itself was developed. Control of the widely dispersed group companies is managed by a combination of clear objectives, continuous monitoring and control of outcomes and various incentive and communication schemes - all of which are firmly under the authority of the Souter family.
Industry:
Size:
Largest local bus operator in UK, April 1994 pre-tax profits of GBP18.9 million
Other setting(s):
1980-1994

About

Abstract

Stagecoach began life in October 1980 when the resources of the entrepreneurial Souter family were pooled to buy two second-hand buses. With a small, initially family-based team, the Company developed rapidly, concentrating first on express coach travel and then on local bus provision. In April 1993 the Company was floated on the stock exchange with a value estimated at £134 million. The liberalisation and privatisation of the 1980s facilitated the Company''s growth in the face of a declining industry. Through acquisition and with repeated purchases, a distinctive competence in the acquisition process itself was developed. Control of the widely dispersed group companies is managed by a combination of clear objectives, continuous monitoring and control of outcomes and various incentive and communication schemes - all of which are firmly under the authority of the Souter family.

Settings

Industry:
Size:
Largest local bus operator in UK, April 1994 pre-tax profits of GBP18.9 million
Other setting(s):
1980-1994

Related