OUR VALUES
THINKING
BIG
We don’t place limits on what we can achieve. We set big goals and we expect – and achieve – big results.
LOOKING AFTER EACH OTHER
We aren’t arrogant or dismissive, and we look after each other. We always treat everyone with respect, and we contribute value wherever we can.
DOING WHAT
WE SAY
We do what we say, on time and in full. When we start something, we finish it. And we always take responsibility instead of pointing fingers.
BEING
BRAVE
We want to change the world. That means taking risks, and taking ownership of those risks. We don’t settle for the status quo.
TECHNOLOGY
Our proprietary technology is designed to make life simple and easy for our customers. Easy to request a quote. Easy to see the best route. Easy to track passenger journeys. This game-changing technology like smart route-planning software, safe passenger-tracking systems, and live monitoring control centres, allows us to deliver safe, reliable journeys every day.
ENVIRONMENT
In the UK, transportation is responsible for 26% of greenhouse gas emissions. These emissions peak during rush hour, with 25% of all cars on the road during peak times being involved in the school run. We know that every one of our customer’s journeys reduces both rush hour traffic and their own environmental impact – a 20 mile journey cuts CO2 emissions by 75%.
TRANSPORT
We want to change the way people use and think about transport. Car ownership is on the wane. Tomorrow’s commuters will be used to viewing mobility as a service to be hired, not a product to be owned. And as hired transport becomes the norm, we will work to ensure that it’s just as easy and convenient to use an environmentally-friendly coach versus a private hire car.
OUR HISTORY
FOUNDED
Seeing an opportunity to bring new technology to the coach hire industry, Mathew Hassell founds Transport2.
Using the taxi industry as a model, and finding solutions to the complex regulatory framework of coach hire, Mathew launches CoachHire.com – a transport provider that links smaller operators with clients.
2013
MILLIONTH PASSENGER CARRIED
Within just two years, Transport2 expands to work with hundreds of operators, using their fleets as a virtual fleet that serves passengers across the United Kingdom
This year, Transport2’s millionth passenger is carried, a milestone that represents hundreds of thousands of car journeys averted, and tonnes of CO2 emissions prevented.
2016
FIRST H2S CONTRACT SCHOOLSAFE LAUNCH
Using data gathered by Transport2’s operations, the company realises that the daily school run is a key cause of congestion and emissions in the UK.
To reduce the environmental and safety impacts of school traffic, Transport2 launches the Schoolsafe platform to make it simple for drivers, parents and school staff to safeguard pupils.
Off the back of Schoolsafe’s launch, Transport2 wins its first Home to School contracts.
2017
SECURED 5.75M FUNDING FROM
SOUTER INVESTMENTS
SOUTER INVESTMENTS
As Transport2 seeks to expand and develop even more effective technology, the company secures £5.75m in funding from Souter Investments, the investment vehicle of Stagecoach founder, Sir Brian Souter.
This is put to use expanding the company and looking for ways to drive the MaaS industry forwards.
2018
FIRST IN-HOUSE TECH & R&D TEAM
Using funds from investment and the company’s growth (by 2018, Transport2 operates 12 home to school contracts), an in-house technology and R&D team is hired.
They get to work on the Entrepreneurial Operating System (EOS), under the guidance of a new senior leadership team who begin to plan further expansion in the coming year.
2019
ACUIRED MOMENTUM AND KURA LAUNCH
Transport2 secures a range of partnerships and acquisitions. Now generating £20m each year in revenue, the company is able to offer a broader range of services.
Momentum Coach Hire is acquired, giving access to years of experience in the corporate sector.
Kura Business is launched to provide services tailored towards corporate clients.
With 24 home to school contracts signed, Kura Education is launched to service the education sector.
MOBILITY as a SERVICE
We are a Mobility as a Service (Maas) provider, a technology expert, and a business that’s focused on reducing the environmental impact of getting people where they need to be. The global MaaS market is set for explosive growth.
£
0
B
Size of the global transport data and new mobility services market by 2030 “UK holding the potential to have a significant share,”
(Paul Campion, former CEO of the Transport Systems Catapult)
(Paul Campion, former CEO of the Transport Systems Catapult)
$
0
T
US market capitalization 2030
(Statistica)
(Statistica)
$
0
B
European and Asian intercity and shuttle bus travel market
(Skift)
(Skift)
$
0
B
Size of EU mobility market by 2030
(Statistica)
(Statistica)
$
0
B
Value per annum of lost productivity at EU28 level due to traffic delays
(TechUK)
(TechUK)
0
B Hrs
Hours wasted stuck in traffic commuting in cities collectively at EU28 level
0
X
UK travel and tourism is growing four times faster than the economy
(World Travel & Tourism Council)
(World Travel & Tourism Council)
AWARDS
TAX STRATEGY
The approach of Transport2 UK Limited to risk management and governance arrangements in relation to UK taxation
This tax strategy for Transport2 UK Limited is published in accordance with schedule 19 Finance Act 2016. Its set out the strategy towards UK taxation adopted by the Company for the 12 months trading to 31st December 2020. References to tax included PAYE, NIC, stamp duty, VAT, Insurance Premium Tax, R&D tax credits and Apprenticeship Levy.
The CFO of Transport2 has overall responsibility for tax matters. He is supported by an experienced finance team. In addition, the Board of Directors contains an Investment Director from Souter Investments and a Non-executive Chairman who are experienced and appropriately qualified. Expert legal, accounting and tax support is provided on a regular basis by appropriately qualified firms.
The level of risk in relation to UK taxation that the group is prepared to accept.
Both ongoing and potential tax risks are regularly considered, discussed and mitigated by this group of people. A system of review is in place with the Company’s tax filings. The preparation of corporation tax and research and development claims is outsourced to appropriately qualified and regulated professional firms and reviewed by the finance team and CFO prior to submission. Transport 2 currently operates only in UK jurisdiction.
The attitude of the Company towards tax planning, so far as affecting UK taxation and the approach of the group towards its dealings with HMRC.
Transport2 does not undertake any tax planning which is artificial or considered aggressive. The company is transparent and honest in its dealings with HMRC and makes disclosures of relevant tax issues, whether that is through the submission of tax returns, responding to request in a timely manner or, in the case of any inadvertent errors, reporting promptly to HMRC with full disclosure.