Go-Ahead is a leading bus operator in the UK both in and outside London. We also operate bus services in Singapore. Around two million passenger journeys are made on our services every day.
We are pleased that our target to grow adjusted operating profit in bus to £100m by 2015/16 has now been achieved, as planned. Overall, our bus operations achieved record full year profits, with good revenue growth and cost control.
Our strategy is to grow our share of the regional UK bus market both organically and through value adding acquisitions. We have improved operating profit margins by stimulating revenue growth and through continued cost efficiencies. We remain committed to our long-standing approach of providing high quality and value for money services for our local markets, combined with our innovative approach to marketing, smart-ticketing and other customer solutions. This is key to revenue generation, whilst cost savings will be achieved through benchmarking, sharing best practice and the introduction and development of further efficiency initiatives.
Our strategy is to maintain our sector leading performance and market position through key relationships with TfL, through strong and effective management, providing high quality and valued operations whilst seeking expansion through additional contract wins and acquisitions. A stable contract base and external factors such as inflationary revenue growth combine with cost efficiencies to contribute toward profit growth
Plymouth Citybus was acquired in 2009 and provides services across a wide network in and around the city.
In 2010 Konectbus was acquired and in 2012 Hedingham Omnibuses, HC Chambers and Son and Anglian Bus all became part of Go East Anglia providing services around Norwich and the Suffolk coast.
Created in 1987 as Go-Ahead Northern during the privatisation of the National Bus Company. Go North East now provides services in and around Newcastle upon Tyne, Northumberland, Durham, Gateshead, Sunderland and the surrounding areas.
Go South Coast is the name behind a number of companies on the South Coast of the UK, the first of which was acquired by Go-Ahead in 2003. Morebus serves Bournemouth and Poole; Reds provides services for Salisbury and Wiltshire; Bluestar serves Southampton and South Hampshire; Southern vectis serves the Isle of Wight; Damory operates in Dorset and Hants and Dorset Trim is a specialist bus refurbishment business.
Metrobus was acquired in 1999. It runs a network of routes across Sussex, Surrey and Kent including the Fastway Bus Rapid Transit service in the Gatwick and Crawley area.
Oxford Bus Company was acquired by Go-Ahead in 1994. In 2011 it acquired Thames Travel and in 2012 Carousel Buses. Now the company operates services in and Oxford, including park and ride services, and coach services between Oxford and central London and Gatwick and Heathrow airports.
Go-Ahead Singapore entered the bus market in 2016 having been awarded the contract to operate 25 routes in the Loyang district of Singapore.