Bus Sector: Company Specific Information

BUS SECTOR: COMPANY SPECIFIC INFORMATION

BLUESTAR

Pay data

Latest pay settlement
Stage number / 1 of 2
Stage / 01/01/15 / To / 01/01/16
Settlement / 01/01/15 / To / 01/01/17
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.50% / 2.50%
First stage of a 2 stage 24 month agreement with an increase of 2.5% to be applied from the 1 January 2015. There is an agreement in place on a mechanism of protection based on the latest RPI rate at each anniversary date. Drivers overtime rate will remain at the present level until such time that the basic rate reaches the current overtime rate, the two rates of pay will be harmonised.
The second stage of the agreement due on the 1 January 2016 will apply a 2.1% increase.

BOURNEMOUTH TRANSPORT LTD

Company financial information

In the year to 31 December 2013, Bournemouth Transport Ltd made a gross profit of over £3 million.

This contributed to it having total assets (less current liabilities) of £16.3 million.

The company paid out dividends of £438,000 to shareholders. And at least one director received £157,000.

Yet Bournemouth Transport Ltd only paid £75,000 in tax.

The company achieved a credit rating (QuiScore) of 93 out of 100.

Pay data

Latest pay settlement
Settlement / 01/05/14 / To / 01/05/15
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.44% / 2.44%
A 2.44% increase from 1 May 2014 increasing Driver's rate from £9.00 to £9.22ph.
A reduction in the maximum entitlement to Company sick pay from 31 weeks down to 26 weeks.

DAMORY COACHES

Pay data

Latest pay settlement
Stage number / 2 of 2
Stage / 01/10/14 / To / 01/10/15
Settlement / 01/10/13 / To / 01/10/15
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.10% / 2.10%
Second stage of a 2 stage 24 month agreement with an increase of 2.1% on all rates of pay from 1 October 2014.
This follows an increase of 2% in the first stage from1 October 2013.

FIRST HAMPSHIRE AND DORSET LTD

Company financial information

In the year to 31 March 2014 First Hampshire and Dorset Ltd had total assets (less current liabilities) of £8.137 million.

One of the directors received £180,000. Yet the company is only recorded as having paid £3,000 in Corporation Tax over the past four reporting years.

The number of employees of the company is significantly below its pre-crisis level:

While the total assets per employee is significantly above the pre-crisis level:

Pay data

Latest pay settlement
Stage number / 3 of 3
Stage / 01/09/13 / To / 01/04/14
Settlement / 01/10/12 / To / 01/04/14
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.80% / 2.80%
Final stage of three stage 18 month agreement with a 2.8% increase in basic rates from 1 September 2013. Minor adjustments to overtime rates which will now be capped from this date. Driver premium rate of an additional £1.01 for hours worked in the evening and at weekends remains unchanged.
Also included in this agreement: For new starters, the 'Intermediate Grade' time period of 6 months is extended to 12 months (unless the starter holds a current PCF licence). Occupational Sick pay does not apply until the 'Substantive Grade' is achieved. The first 3 unpaid days of sickness absence are foregone for the first five years of service for those who have joined the business after the acceptance of this pay offer. The current sign-on time for duties where a driver first use check is required has been increased from 10 to 12 minutes. The current sign on time for duties where no first check is required has been reduced from 10 to 5 minutes.
This follows a 0.5% increase on 1 October 2012 and a 0.7% increase from 1 March 2013.

FIRST MANCHESTER WEST

Pay data

Latest pay settlement
Stage number / 3 of 3
Stage / 01/04/11 / To / 01/04/12
Settlement / 05/07/09 / To / 01/04/12
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
3.10% / 3.10% / Yes
Third and final stage of this agreement, re-negotiated due to the high rate of inflation. An increase on all rates of 3.1% from 1 April 2011, plus an increase in the number of drivers from each depot progressing to the top rate from 9 to 15.
Negotiations [04/12/12]: Waiting for completion.

FIRST SOMERSET AND AVON

Company financial information

In the year to 31 March 2014 First Somerset and Avon had total assets (less current liabilities) of £7.37 million.

The company had £13.434 million in the bank/ on deposit.

And the highest paid director received £188,000.

The number of employees of the company is significantly below its pre-crisis level:

While the total assets per employee is significantly above the pre-crisis level:

Pay data

FIRST SOUTH WEST

Pay data

Latest pay settlement
Stage number / 2 of 2
Stage / 01/04/15 / To / 01/04/16
Settlement / 01/04/14 / To / 01/04/16
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
1.00% / 1.00% / Yes
Second and final stage of a 2 stage 24 month agreement with an increase of 1% based on the February 2015 RPI figure, applied from the 1 April 2015.
The first stage of the 2 stage 24 month agreement applied a 2.7% increase on all pay rates for all staff working at Bridgwater, Taunton and all Devon & Cornwall locations. The increase was applied from week in which the 1 April falls for weekly paid staff and from the month of April for salaried staff. This is subject to specific variations - To preserve the same differential in pence per hour between Somerset and Devon/Cornwall drivers, the basic Devon & Cornwall rate increased by 24p per hour to £9.04: the Somerset rate also increased by 24p per hour from £9.00 to £9.24. In both cases, the overtime rate was increased from £10.00 to £10.26 per hour. This principal will also be applied to the second stage of the agreement which is due on the 1 April 2015. Unsocial hour's payment will increase to £1.02 in Somerset and remain at 5% of the prevailing pay rate in Devon & Cornwall. Engineering rates at all locations were increased by 2.7% from 1 April 2014; 'ring-fenced' rates will remain frozen. However, a cash sum equivalent to a 2.7% annual increase will be calculated and paid as four equal lump sum payments each year. This reflects the way in which the 2013 pay award was handled for this group of staff. Cleaner rates will be reviewed to ensure the proposed 2.7% increase achieves appropriate wage standards.

GO SOUTH COAST

Company financial information

In the year to 30 June 2012 Go South Coast Ltd made a profit of £6.231 million and it had total assets (less current liabilities) of £22.495 million.

The company made £4,067 profit per employee – out of which it paid shareholders £10.95 million in dividends. Yet it only paid £313,000 in Corporation Tax.

The highest paid director received £169,000. And the remuneration received by directors overall increased from £512,000 to £719,000 – a rise of 40.43%

However, average remuneration per employee was just £27,253.

The company had a credit score and rating (QuiScore) of 90 out of 100.

HANTS AND DORSET TRIM

Pay data

Latest pay settlement
Settlement / 01/07/14 / To / 01/07/15
A 24p per hour uplift for all grades with effect from the 1 July 2014. This increase uplifts skilled grades to £11.00 per hour and semi-skilled grades to £9.71 per hour.
Previous pay settlements
From / To / Standard increase / Increase on lowest basic pay rate / Paybill increase / Details
01/07/13 / 01/07/14 / 2.50% / 2.50% / A 2.5% increase to basic rates from 1 July 2013.

SOUTHERN VECTIS

Pay data

Latest pay settlement
Stage number / 2 of 3
Stage / 01/03/15 / To / 01/03/16
Settlement / 01/03/14 / To / 01/03/17
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.30% / 2.30%
Second stage of a 3 stage 36 month agreement with an increase of 2.3% applied from the 1 March 2015.
First stage of a 3 stage 36 month agreement with an increase of 2.5%. The percentage increases in each year will also apply to non-driving grades, other rates of pay and penalty allowances during this period. The Company has also agreed on a mechanism of protection based on the January RPI rate which will be the latest published rate at each anniversary date. This rate will trigger if RPI is 1.5% over the agreed percentage increase.
The third and final stage of the agreement due on the 1 March 2016 will increase rates of pay by 2.2%.

STAGECOACH EAST MIDLANDS

(FORMER LINCS ROAD CAR DEPOTS)

Pay data

Latest pay settlement
Stage number / 2 of 5
Stage / 06/10/14 / To / 06/10/15
Settlement / 06/01/14 / To / 01/01/17
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
1.60% / 1.60%
Second stage of a 5 stage 36 month agreement. From 6 October 2014 Grade3 rivers rate increases from £8.13ph to£8.26ph and Grade 1 Drivers from £9.20ph to £9.35ph. This equates to a 1.6% increase and combined with the earlier January increase represents a 3.25% uplift for the year.
In the first stage of the agreement Grade 3 Drivers who commenced employment after 6 January 2014 had an increase from £8.00 to £8.13ph and after 2 year's service will move to Grade 2. Grade 1 Drivers who commenced before 6 January 2014 had an increase to £8.13 and on their 12 month anniversary will get a further increase to £8.70ph. Drivers who moved to Grade 2 between 5 January 2014 and the offer being accepted on the 2014 pay deal moved to Grade 3 on their 2 year anniversary. Grade 2 Drivers who moved to Grade 2 between 5 January 2013 and 4 January 2014 moved to Grade 3. Grade 2 rate no longer applied. Grade 3 Drivers increased from £9.05ph to £9.20ph. Maximum unpaid break in driving duties reduced to one hour and thirty minutes; overtime threshold for drivers reduced from 45 to 42 hours and 30 minutes. All minibus driving paid at midibus rate, existing minibus rate becomes training rate, drivers progress to big bus rate after 2 years service.
The third stage of the agreement effective from the 5 January 2015 will increase the pay for Grade 3 Drivers - from £8.26 to £8.39 per hour, and Grade 1 Drivers from £9.35 to £9.50 per hour. The fourth stage of the agreement will come into effect on the 5 October 2015 and will increase Grade 3 Drivers from £8.39 to £8.55 per hour and Grade 1 Drivers from £9.50 to £9.65 per hour. The fifth and final stage of the agreement on the 4 July 2016 will increase the pay rates for Grade3 Drivers from £8.55 to £8.70 per hour and Grade 1 Drivers from £9.65 to £10.00 per hour. Skegness seasonal pay rate will remain at £8.00 per hour.

STAGECOACH EAST MIDLANDS DRIVERS –

MANSFIELD AND WORKSOP DEPOTS

Pay data

Latest pay settlement
Stage number / 2 of 2
Stage / 29/06/14 / To / 01/04/15
Settlement / 30/06/13 / To / 01/04/15
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.15% / 1.28%
Second stage of a 2 stage 21 month agreement with the hourly rate for Grade 1 drivers increasing from £9.30ph to £9.50ph a 2.15% increase. For Grade 2 drivers the hourly rate increases from £7.80 to £7.90ph a 1.28% increase.

STAGECOACH EAST MIDLANDS ENGINEERS - MANSFIELD & WORKSOP DEPOTS

Pay data

Latest pay settlement
Stage number / 3 of 3
Stage / 01/05/11 / To / 29/04/12
Settlement / 02/05/10 / To / 29/04/12
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
4.00% / 4.00%
Third stage (Year 2) of a three stage two year deal from 1 May 2011 with an increase of 4%.
This follows a 2% increase in May 2010 and a further 1% in October.

STAGECOACH NORTH WEST (LANCASTER & MORECAMBE)

Pay data

Latest pay settlement
Stage number / 4 of 4
Stage / 01/05/14 / To / 01/09/14
Settlement / 01/09/12 / To / 01/09/14
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
3.30%
A two year deal in four stages increasing rates by approximately 6.7%. In this final stage, from 1 May 2014, the Conventional Drivers rate increases by 2.1% to £9.60ph and the Minibus Drivers rate by 2.2% to £9.21ph.
In the first stage of the agreement, from 1 September 2012, there was a 1.8% increase for Conventional Drivers to £9.17ph and a 1.9% increase for Minibus Drivers to £8.78ph. A New Starter rate was introduced at £8.50ph for the first 12 months. In the second stage from 1 May 2013, Conventional Drivers rate increased by 1.4% to £9.30ph and Minibus Drivers rate by 1.5% to £8.91ph. For the third stage, from 1 September 2013, rates increased by 1.1% for both Conventional Drivers (to £9.40ph) and Minibus Drivers (to £9.01ph).

STAGECOACH SOUTH (BASINGSTOKE DRIVERS)

Pay data

Latest pay settlement
Stage number / 2 of 2
Stage / 01/05/12 / To / 01/05/13
Settlement / 01/05/11 / To / 01/05/13
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.00% / 2.00%
Second stage of a 2 stage 24 month agreement with an increase of 2% on pay rates effective 1 May 2012.
25% increase to hourly rate of pay for Sundays and Bank Holidays from 6 May 2012.

STAGECOACH SOUTH (WINCHESTER DRIVERS)

Pay data

Latest pay settlement
Settlement / 21/12/14 / To / 21/12/15
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.50% / 2.50%
A 2.5% pay increase with effect from the 21 December 2014.

STAGECOACH SOUTH HAMPSHIRE (ANDOVER)

Pay data

Latest pay settlement
Settlement / 07/07/13 / To / 06/07/14
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.60%
From the 7 July 2013, hourly wages increase by 2.1% - 3% for those employed under contract A and by 2% - 3% for those employed under Contract B. Trainees working under Contract A or Contract B will receive a 3% increase giving a new hourly rate of £6.86 (from £6.66ph); employees under Contract A with 0-6 months service will receive a 2.6% increase giving them a new rate of £7.77 (from £7.57ph); employees with 6-12 months service under Contract A will receive a 2.4% increase which gives them a new rate of £8.44ph (from £8.24ph); 12-24 months service under Contract A a 2.1% increase to £9.64ph (from £9.44ph); over 24 months service under Contract A a 2.1% increase to £9.74ph (from £9.54ph). Employees under Contract B with 0-6 months service will receive a 2.4% increase giving them a new rate of £8.66ph (from £8.46ph); employee with 6-12 months service under Contract B will receive a 2.2% increase bringing their rate of pay to £9.21ph (from £9.01ph); employees with 12-24 months service under Contract B will receive a 2% increase giving them a new rate of £9.96ph (from £9.76ph); and for those with over 24 months service under Contract B a 2% increase which increases their rate of pay to £10.07ph (from £9.87ph).

STAGECOACH SOUTH WEST

Pay data

Latest pay settlement
Stage number / 2 of 2
Stage / 01/09/14 / To / 01/05/15
Settlement / 01/05/14 / To / 01/05/15
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.76% / 2.76%
Second stage of a two stage one year agreement increasing the driving rate by a further 5pph (0.54%) from 1 September 2014, taking the rate to £9.30ph. The percentage increase will apply to all other grades, with a minimum underpin of 5pph.
Current differentials in place between full pay and sick pay will continue (sick pay rates at 88% for drivers and 90% for other grades).
This follows a 20pph increase in the driving rate from 1 May 2014 (to £9.25ph), equating to a 2.21% increase. This percentage increase was also applied to all other grade groups, with a minimum underpin of 20pph.

STAGECOACH SOUTH WEST (CHARD DEPOT DRIVERS)

Pay data

Latest pay settlement
Settlement / 01/05/13 / To / 01/05/14
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
6.80% / 6.80%
A 6.8% increase for Chard Depot Drivers on the former Cook's Coaches rate of £7.96, increasing the hourly rate to £8.50 from 1 May 2013.
Full harmonisation as per the 2009 agreement will take place during the 2015 negotiations. Holiday entitlement continues to increase by one day per year in order to reach the maximum 5 weeks by 2015. Supervisors and Engineering staff at Chard are already on the main Stagecoach rates and conditions.

STAGECOACH YORKSHIRE (CHESTERFIELD DEPOT) DRIVERS

Pay data

Latest pay settlement
Settlement / 04/05/14 / To / 03/05/15
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.50% / 2.50%
A 2.5% no-strings increase on all rates for all grades from 4 May 2014.

STAGECOACH YORKSHIRE (CHESTERFIELD DEPOT) ENGINEERING GRADES

Pay data

Latest pay settlement
Stage number / 1 of 2
Stage / 03/05/14 / To / 03/05/15
Settlement / 03/05/14 / To / 03/05/16
Standard increase / Increase on lowest basic pay rate / Minimum increase (underpin) / Paybill increase / Performance related / Inflation link
2.50% / 2.50%
First year of a two stage two year pay agreement with a 2.5% increase on all rates for all grades from 3 May 2014.
In the second year, there will be a further 2.5% increase from 3 May 2015. However, if the average of CPI and RPI inflation hits 5% or more in April 2015, this increase will be reviewed.

STAGECOACH BUS HOLDINGS LIMITED

Company financial information

In the year to 30 April 2014 Stagecoach Bus Holdings Ltd made an operating profit of £95.5 million.

The company paid a dividend to shareholders of £93.6 millionand still had total assets (less current liabilities) of £115 million.