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Transport Holding Company (Acquisitions)

Volume 721: debated on Wednesday 24 November 1965

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asked the Minister of Transport if he will publish in the Official Report such information about the acquisitions which have been made by the Transport Holding Company in each of the last three 12-month periods to the latest convenient date, about the degree of control held in these companies, about how many vehicles were involved in each case, and about the cost of acquisition in each case, as has already been made public.

I am informed by the Transport Holding Company that they have supplied information from time to time about the acquisitions by them of road haulage undertakings as shown in the table below. They do not normally provide information about the price paid for individual undertakings but, as I stated in the House during the debate on transport on 16th November, they have made acquisitions of private enterprise companies to the value of about £8 million. Following is the table:

UndertakingNumber of vehiclesDegree of control Per cent.
1963
None
1964
Westfield Transport Ltd.21100
Furness & Parker Ltd44100
Griff Fender (Swansea) Ltd30100
1965 (to date)
Ives & Smith Ltd20100
Suffolk Plant Hire Co. Ltd.
James Express Carriers Ltd90100
Gavin Wilkie Ltd20100
George Read (Transport) Ltd50100
*Harold Wood & Sons Ltd500100
Corringdon Ltd.70100
*Tayforth LtdNot published75
William Cooper & Sons (Carriers) Ltd.21100
J. E. Cartwright (Haulage) Ltd50100
*Notes:
1. In the case of Harold Wood & Sons Ltd. it was announced that the cost of purchasing the share capital and discharging certain liabilities was approximately £1·7 million.
2. In the case of Tayforth Ltd. it has been announced that the cost to the Transport Holding Company of acquiring a 75 per cent. interest was about £5 million.