As I understand it from above most of Hulley's fleet was leased and the lessor has agreed for Andrew's to take over the leases. So the buses are Andrew's.Considering what's happened recently and the fact that some of Hulleys fleet are now running out of Andrew's (Tideswell) yard shouldn't the former Hulleys fleet have "On Hire to Andrew's Tideswell") stickers on them.
The "on Hire to .." is used when the vehicle is using an O license different from that of the route registration's holder.
The bus owners legal name and address on the side probably should be changed asap.
As long as the vehicle has an MOT, an O licence and insurance that will probably do I think. Fares need a route registration and in certain cases run free for the first day / week or so until the paperwork is complete. The authorities are all good at helping as permitted.
I watched the collapse of Bournemouth Transport (Yellow Buses). Whilst the receivers were trying to sell the business as a going concern and several companies did do due diligence, but all turned away, nothing could be done. Thus it finally finished at 18:00 on Thursday with little notice. No routes were covered for the Friday, before More bus set up a slightly reduced commercial service, but keeping the Yellow bus routes and route numbers, which started Saturday. On the Friday More bus recruited over 100 drivers with full interviews and paperwork, they had spare UNI buses available and borrowed a few locally (40 needed), about 400 new road side timetables were pasted, photocopies of timetables were printed to go on the buses as hand outs and more. However it was noticed that some of the pdf files online had filenames containing dates. Some of those were made over 3 weeks earlier and so very pre-planned. It was an impressive large scale and fast action. The Bournemouth council played its part both behind the scenes and in getting the bus stop real time display system fully altered to match. Yellow bus tickets were accepted for the first week, thus clearing sold weekly tickets.
If Hulley's hasn't paid drivers for hours worked, that may be trading whilst insolvent. That is a criminal offence for which Mr Crofts may have to answer. Hours worked since the receivers took over is the receivers responsibility. The receivers only manage, they don't take ownership. Companies law is very large, complex, covers most things and is not what us ordinary people might expect. It allows unpleasant things, but certain subtle behind the scenes actions have mandatory prison sentences attached. Directors need help.