Thursday, 19 January 2012
Speedwellbus to cease trading with immediate effect
According to the Speedwellbus official Facebook page the company ceased trading on Wednesday 18th Jan.
This must be a terrible blow to the employees and passengers of Speedwellbus. Speedwellbus has served the people of Tameside and Glossop well and it is a saddens me to hear this news. No doubt this small independent company could not compete against the national giants such as Stagecoach.
Big companies can often use their size to squeeze small players out of the game until the small companies are financially drained and eventually go bust. Then the predatory large companies can move in and create an absolute monopoly. This should not be allowed to happen but unfortunately it does!