Sale advice to East Yorkshire Motor Services

Financial advice to East Yorkshire Motor Services (EYMS) on its sale to Go North East

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Published: 26 Jun 2018 Updated: 13 Apr 2022

Our Corporate Finance advises East Yorkshire Motor Services (EYMS) on its sale to Go North East

The team advised the owners of East Yorkshire Motor Services (EYMS) on the disposal of the business to Go North East, part of the international transport organisation Go-Ahead Group Plc.

Established in 1926 and owned and operated for the last three decades by the Shipp family, EYMS transports over 17 million passengers annually, has a workforce of 700 staff and runs over 300 buses and coaches throughout Hull, East Riding and the North Yorkshire Coast.

Go-Ahead is one of the UK's leading public transport providers generating around £3.5 billion turnover from more than a billion bus and rail journeys each year.

Peter Shipp, Owner and Chairman of EYMS, commented: “After 56 years in the bus industry and 38 years with EYMS, selling the business that has been such a big part of my life was a major decision. The combination of experience and sector knowledge that the Smith & Williamson team bought to the project was invaluable. They led the project from start to finish in a highly professional manner and were an absolute pleasure to work with”.

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

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This article was previously published on Smith & Williamson prior to the launch of Evelyn Partners.