South West Wales

70 jobs lost with collapse of Diamond Coaches

Diamond Coach Holidays sign
Image caption Administrators said several firms had expressed an interest in buying Diamond

Around 70 people lost their jobs with the collapse of Wales' largest holiday coach operator last week, administrators have confirmed.

Swansea-based Diamond Coaches also had an office in Cardiff, and the business included Brian Isaac Coaches Ltd.

Administrator PricewaterhouseCoopers (PwC) said it had received several expressions of interest from rival firms looking to take over the company.

It has set a deadline of the end of the week for parties to come forward.

PwC said it hoped to make a decision on how to proceed next week.

Diamond Coach Holidays began in 1954 and carried 80,000 people on board annually.

Some customers who had pre-booked trips and holidays were still waiting to find out what would happen.

PwC had previously said customers who booked holidays with the company would be entitled to refunds, though the situation for day trip bookers was "less clear."

The administrator said Diamond had suffered as a result of the "ongoing economic challenges" facing coach travel companies, including increased fuel.

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