‘Uncertainty’ as Nottingham bus operator proposes debt deal

A bus operator serving Nottingham and Nottinghamshire has proposed to enter an insolvency process as it faces “challenging trading conditions”.

Community Transport for Nottingham (CT4N), which runs more than 20 local services, announced on Wednesday it had proposed a Company Voluntary Arrangement (CVA).

If the CVA is approved by creditors, the company said it would be able to preserve the jobs of about 75 employees and continue trading.

Managing director of the transport firm, Barry Allitt, said it had considered ceasing trading and entering liquidation, but believed it was not in the…