Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Most of Cardiff Bus fleet given zero financial value

Buses

Rhodri Clark
18 May 2021
 

The impact of Covid-19 on the bus market has resulted in most of the Cardiff Bus fleet being allocated zero value in the municipal company’s recently published 2019/20 annual report.

Cardiff City Transport Services, trading as Cardiff Bus, made a gross profit – revenue minus cost of sales – of £1.7m during the year, compared with £578,000 the preceding year. Impairments and administrative expenses resulted in an operating loss of £11.2m, compared with the...

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