CHAMPAGNE corks were popping at AC Williams as news was announced that the Ancaster coach firm had been rescued, and with it 25 jobs.
The coach firm, which went into administration just before Christmas as its Renault car dealership sister company went under, has been bought by private investor Glen Pratt.
The 39-year-old Londoner will keep the AC Williams name and he is confident he will grow the business through employee profit sharing and partnership principles.
Glen believes the future is bright for the business, which had been “neglected” by its previous management as it brought in only £1 million of AC Williams’ £12 million revenue.
He added: “It’s basically a pretty good business. It was just owned by the wrong people.”
Glen shared plans to employ up to six additional people in the next year as the firm grows and takes on more contract work as well as increasing holidays and day trips.
Current bookings and deposits are safe, and those who missed out when the firm went into administration will receive a voucher to spend.
Glen commended the dedication of staff in the past three months.