MTL Trust Holdings was an English bus, coach and train operator based in Liverpool, Merseyside. MTL was originally part of the MPTE. To comply with the Transport Act 1985, the bus operations were divested into a new independent company, Merseyside Transport Limited (MTL). Merseyside PTA retained shareholding, but the company was purchased by its management and staff in a £5.9 million Employee Share Ownership Plan in 1993. On 17 February 2000, MTL was purchased by Arriva for £85 million, with MTL's shareholding workers each receiving £13,500 in windfall gains from the sale.
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