Scunthorpe-based Holloways Coaches is to cease trading at the end of the month, with retirement of Pauyl Holloway.
Mr Holloway, 65, who took over the running of the Cottage Beck Road-based firm 15 years ago from his father Frank, told the Scunthorpe Telegraph: “It has been an emotional time for all concerned. Some of the people here have been with us for 20 years or more.”
He said the company’s 20 employees would either retire or be made redundant.
Holloways was founded in 1963 and built up a reputation for holiday excursions and day trips, as well as school runs and a wide range of other services. Mr Holloway said most of the contracts and the fleet of vehicles had now been dispersed.
He said the company was licensed to operate 22 vehicles until September 30. Paul is the third member of his family to be involved in public transport. His grandfather Norman Holloway ran a taxi in nearby Earl Street after World War Two.