BCH, which operates more than 16,000 vehicles, will no doubt be looking for a suitable parent that would give it access to cheaper funds, while sheltering it from the vagaries of the Stock Exchange. A statement to the City on Thursday confirmed that BCH was in negotiations. Consequently the company's share price rocketed 49p to 218.5p before closing last week at 220p.
The move will, however, put an end to the company's independence. However, if the bid succeeds it will give BCH a much stronger platform from which to continue its expansion plans.