Lighthouse Travel, previously Island Coach Services LTD, closed last month (November).
In a statement on its now-shut down website, the business blamed the ‘economic climate’ for its closure.
Before shutting, the company had provided school transport for the likes of Ryde School.
It is described as an executive private hire and school contract provider on the south coast.
According to Companies House, Caroline Duke-Glover was appointed director of the business in October 2022.
Although it is unclear exactly how many staff are affected, accounts for 2024 show there was an average number of 11 employees throughout that year.
A statement from the firm reads: “We would like to thank all of our loyal customers…