Wednesday 9 October 2019 11:44 am

Bamford closes in on Boris bus maker Wrightbus

Boris bus maker Wrightbus could secure a rescue deal as Jo Bamford, a member of the family behind JCB, has entered negotiations to buy the Northern Irish firm.

Bamford has entered exclusive talks about a potential deal, a fortnight after the company – which built the Routemaster buses during Boris Johnson’s time as mayor – entered administration, Sky News reported.

Read more: Red bus maker Wrightbus goes into administration

The Ballymena-based firm was forced to appoint Deloitte as administrator, in a move that put 1,300 jobs at risk.

The deal is dependent on Bamford coming to an agreement with a member of the Wright family who owns the bus company’s factory.

Rental payments are among the major hurdles that the company was negotiating before it entered administration. 

Sources told Sky News that the latest rescue deal could collapse unless Bamford and Jeff Wright are able to come to an agreement.

Wrightbus had been searching for a new owner before it entered administration last month, with Bamford reportedly among the interested parties.

Read more: Wrightbus in rescue talks as 1,400 jobs at risk

Earlier this year Johnson told the House of Commons the government would do “everything we can” to salvage the firm’s future.

He said: “It was of great value to the people of this country and I think it’s a great company and we will make sure, I give my assurance, we will do everything we can to ensure the future of that great UK company.”

Main image credit: Getty