Business Services Industry
British couple plans to float bus company on Alternative Investment Market.
Knight Ridder/Tribune Business News, November, 2004
By Andrew Leach, Financial Mail on Sunday, London Knight Ridder/Tribune Business News
Nov. 14--Almost 20 years since Bob Dunn and his wife Carol set up their coach business with a second mortgage on their home, the couple plan to float the company on the Alternative Investment Market.
Dunn-line, which operates 113 bus and coaches from depots in Nottinghamshire and Durham and employs 320, plans to raise 2 million pounds when it comes to the market in a few weeks.
The company operates routes for local authorities and coach company National Express as well as its own private hire operations, and is expected to be valued at between 5.5 million pounds and 6.5 million pounds.
Dunn, the 50-year-old chief executive who owns the...
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