- May 24, 2016
Sadly it was announced today that Wrightbus is going into Administration following cash flow problems. 1200 employees have been dismissed and only 50 remain.
Yeah, it is possible, but let's face it... What large company that has gone into Administration hasn't gone bankrupt and being liquidated recently?It's just the administration phases, could still be bought out yet. Early stages but grim circumstances.
They've been in trouble since the NB4L orders were cancelled.A business deal gone bad, i remember a statement in a book I have, accountants got in and spoilt it, as maybe their invoices havent cleared from the suppliers they use for parts, if you pay on a 60 day term, and there’s a discrepancy at base level, where are the admin to sort it out.
Well every manufacturer uses plastic, it's an inevitability these days. The days of aluminium and wooden interiors are loooong gone. Albeit plastic can make quality construction, Wright just don't have the right methods.Looks and the way wright buses make them it be etc etc
You stated that Nobody likes the Streetlite. I need to just mention here that a lot of them have been distributed to multiple companies. Despite what Drivers and Enthusiasts think, the Streetlite is a productive bus to multiple operating companies. While it is true they didn't sell tremendously well, I feel like they still got distributed to a decent proportion. With units such as Trains or Buses a certain amount get made and then any following orders will be produced gradually with around 5% over production to offer a quick provision for the particular unit requested. What has occurred here is poor money management and a typical case of "over stretching". To make it understood, what I am trying to state is that they are being too ambitious with their product line and are trialing and creating new product that are simply not required at the moment. As most knowledgeable people know when companies buy into a product they set to buy a certain amount that will last them for a decent 15-30+ years. Wrightbus were producing products that nobody had a requirement for. The amount of different Wrightbus Vehicles that I see around now is just silly.A business deal gone bad, i remember a statement in a book I have, accountants got in and spoilt it, as maybe their invoices havent cleared from the suppliers they use for parts, if you pay on a 60 day term, and there’s a discrepancy at base level, where are the admin to sort it out.
Also their latest brand of buses are terrible, who told them a smaller engine in an 11 or so ton vehicle was a wise idea? Saving the planet but cost of repairs are through the floor. No one likes the streetlite, deck or Nu whatever they have.