MTL (transport company)

MTL Trust Holdings
IndustryTransport
Founded1992
Defunct2000
FatePurchased by Arriva
SuccessorArriva North West
Arriva Trains Northern
HeadquartersLiverpool, Merseyside
ServicesBus transport
Coach travel
Rail transport

MTL Trust Holdings was an English bus, coach and train operator based in Liverpool, Merseyside. MTL was originally part of the MPTE. To comply with the Transport Act 1985, the bus operations were divested into a new independent company, Merseyside Transport Limited (MTL). Merseyside PTA retained shareholding, but the company was purchased by its management and staff in a £5.9 million Employee Share Ownership Plan in 1993.[1] On 17 February 2000, MTL was purchased by Arriva for £85 million,[2] with MTL's shareholding workers each receiving £13,500 in windfall gains from the sale.[3][4]

  1. ^ Jarosz, Andrew (5 December 1992). "The Ayes have it for Merseybus". Coach & Bus Week. No. 42. Peterborough: Emap. p. 5.
  2. ^ "MTL becomes Arriva Merseyside". Buses. No. 541. Shepperton: Ian Allan Publishing. April 2000. p. 7. Retrieved 24 April 2024.
  3. ^ Bannister, Nicholas (25 January 2000). "There'll be £13,500 along for bus drivers employees". The Guardian. London. Retrieved 13 May 2010.
  4. ^ Harrison, Michael (25 January 2000). "Staff drive off with £13,400 windfalls as Arriva buys MTL". The Independent. London. Retrieved 23 December 2023.