47-year-old bus company goes bankrupt: 76 people left unemployed

Community Transport for Nottingham (CT4N), which has provided local bus services in England’s East Midlands region for many years, has ceased commercial operations due to financial difficulties. With the company, whose history dates back to the founding of Nottingham Community Transport in 1979, entering bankruptcy proceedings, the majority of its 76 employees have been laid off.

The closure of the company, which operated more than 20 local services across Nottingham, Nottinghamshire, and Derbyshire, has led to disruptions in transportation on some routes. Officials stated that they are working on new arrangements with alternative operators to reduce the impact on passengers.

RISING COSTS AND REGULATORY PRESSURE

In a statement released by the company, it was noted that increases in fuel, insurance, vehicle maintenance, and employment costs had exacerbated the financial burden on the business. The statement also expressed that regulatory pressures had challenged the company's financial and operational sustainability.

It was reported that management had evaluated different options with professional advisors to keep the company afloat, and that a Company Voluntary Arrangement was approved in October 2025. However, as commercial conditions became increasingly difficult, it was stated that there was no viable option left other than to cease operations immediately.

It was noted that the decision made by CT4N was communicated to the East Midlands Combined County Authority (EMCCA). The company management thanked employees, passengers, and other stakeholders for the support they have provided to date.

Following the closure decision, Nottingham City Transport announced that changes would be made to the number 18 route previously operated by CT4N. It was stated that alternatives are being evaluated for other routes as well, and that some services have been taken over by other operators.

East Midlands Mayor Claire Ward said that the loss of a local bus service could have “life-changing” effects for the people of the region. Ward stated that they are working quickly with local partners to protect community transport links and minimize disruptions.

Ward also indicated that those who lost their jobs while working at CT4N could be directed to EMCCA’s employment and skills programs. The company's closure has created a significant gap in the region in terms of both employment and daily transportation.

News Source: 12punto