Details

Last Funding Type

Debt Financing

Last Funding Money Raised

£17.80M

Industries

Communities,Service Industry,Transportation

Founded date

Jan 1, 1982

Number Of Employee

51 - 100

Operating Status

Active

Legal Name

CIT Group Inc.

HCT Group is a social enterprise in the transport industry. Their story starts in 1982 with the formation of Hackney Community Transport, providing low cost minibuses for local community groups – a service they provide to this day.

In 1993, with traditional grants under threat, they came to the realisation that the best way to become a sustainable social enterprise was to become an effective enterprise. They began to compete for commercial contracts in the marketplace to ensure they could continue to provide community transport.

HCT Group service users This approach has seen HCT Group grow from a handful of volunteers and a couple of minibuses, with a turnover of £202k in 1993 – to a large scale social enterprise with 800 employees, ten depots spread across London, Yorkshire, Humberside, the Southwest and the Channel Islands, a fleet of 500 vehicles and a 2013/14 turnover of £43.7m.

Their commercial track record spans a wide range of services – from London red buses to social services transport, from school transport to Park and Ride, from community transport to education and training. They now deliver well over 20 million passenger trips on their buses every year. You can find a full breakdown of the services they provide across the group here.