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Firm falls short of financial requirement
Page 34
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A SKIP-HIRE firm has lost its appeal against the refusal of a one-vehicle restricted licence on financial grounds after its average bank balance was around £1,000 less than the requirement.
Bilston-based Walter Wiggan, trading as E&S Skip Hire, submitted bank statements with his application in January. The West Midland Traffic Area Office pointed out that the average balance had a shortfall and suggested it be made upby an increase inWiggan's overdraft. Wiggan ignored several reminders before sending further bank statements in March.
In his written submissions to the Transport Tribunal, Wiggan said all he had to demonstrate was that he had £3,100 available. The information provided showed that £3,934.35 was available in the bank account on 30 January, and there were other occasions when the balance exceeded £3,100.
However,the Tribunal said the average balance was £1,853, falling short in round terms by £1,150.
It was explained that applicants for restricted licences had to meet the test of having sufficient financial resources to maintain their vehicles. This reduced the risk of an operator feeling compelled by financial stringency to restrict expenditure on maintenance, or of other road users being harmed by inadequately maintained commercial vehicles.
Where the credit balance only occasionally exceeded the required amount, there would be a real risk that an operator would be unable to pay for an unexpected but urgent repair.