Lincolnshire coach firm saved by private investor
A Lincolnshire coach firm facing liquidation and the loss of 25 jobs, has been saved by a private investor.
AC Williams Coaches, in Ancaster, went into administration after its sister company AC Williams Renault car dealership closed last December.
New owner Glen Pratt hopes to expand the business and create more jobs.
Transport manager Ian Mansel said the company had come through "worrying times" but confirmation of the extra funds was "brilliant news".
The company, which was established nearly 60 years ago, transports about 500 schoolchildren from 15 schools daily as well as football players from Boston United and Lincoln City.
David Williams, former managing director, said: "I am delighted jobs will be saved and the AC Williams name will continue, in what promises to be a bright future for the company."
Sales and marketing manager Sheila Somerville, who has worked for the company for 12 years, says the firm provides a valuable service for the community.
"We do serve a lot of people with our coaches including the Red Arrows, office workers and schoolchildren back and forth every day," she said.
"It was a shock to hear the news that we could close...we didn't want to let people down."
Mr Pratt, executive chairman of the company, said: "AC Williams is now fully funded for a long term future and the whole team is very excited at the prospect, with many new plans set to go ahead against the secure backing that's in place."