HCT Group is a transport company operating commercial London red bus routes, yellow school bus routes and Park & Ride services.
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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Jun 19, 2018 | Debt Financing | £17.80M | 9 | ClearlySo | — | Detail |
Feb 10, 2018 | Debt Financing | $180M | 1 | CIT Group | — | Detail |
Dec 7, 2015 | Private Equity(PE) | £10M | 4 | — | — | Detail |
Feb 1, 2010 | Series Unknown | £3M | 2 | The Futurebuilders Fund Bridges Fund Management | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
ClearlySo | Yes | Debt Financing |
CIT Group | Yes | Debt Financing |
The Futurebuilders Fund | Yes | Series Unknown |
Bridges Fund Management | Yes | Series Unknown |
HSBC | — | Debt Financing |
City Bridge Trust | — | Debt Financing |
Esmée Fairbairn Foundation | — | Debt Financing |
MFS Investment Management | — | Debt Financing |
New Capital Partners | — | Debt Financing |
Social and Sustainable Capital | — | Debt Financing |