Nottinghamshire County Council comment on the news.
Gary Wood, Head of Highways and Transport, said: “Nottinghamshire County Council has been advised by Travel Wright of Newark that they are currently consulting their workforce with a proposal to cease trading on 2 April 2022.
“Travel Wright currently operate a number of school and local bus services under contract in the Newark, Collingham and Ollerton areas as well as a number of commercially operated services.
“These are important services for residents and the County Council is working with Travel Wright to establish the passenger requirements and will be seeking replacement services to commence on 4 April to ensure no loss of service. Further information will be made available shortly.”