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Sea View Coaches liquidation sees creditors receive payout

CREDITORS hit by the collapse of the long-established Dorset firm Sea View Coaches have received the majority of what they were owed.

Sea View Coaches liquidation going ahead with payout to creditors

Seventeen people lost their jobs when Poole-based Sea View Coaches went into administration last April. The company, which started in the mid-1960s, had faced difficulties for several years before the Covid pandemic put paid to hopes of a rescue. The administrators who were appointed to handle the company’s affairs a year ago have now been made liquidators. They will arrange a “significant” payment to unsecured creditors. Administrators sold the company’s Fancy Road site for £627,000, which was “significantly” higher than original estimates. Most of the company’s coaches were leased from two finance companies, but two were sold at auction for a total of £19,000. Another £1,000 was raised from two other vehicles owned by the company.

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