Q am contemplating buying a small
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haulage business operating on a B licence. It is my intention to continue running this concern in exactly the same way as the previous owner. Could you please advise me what licensing procedure is necessary to transfer the business to my name?
ABriefly when an intending operator pro
poses taking over an existing business it is necessary for him to make application for a new carrier's licence with the same conditions as the business's existing licence, coupled with an assurance by the holder of the existing licence that he will surrender it at the same time as a new one is granted to the person taking over the business.
Apart from the application for the licence, any financial agreement between the existing and intending operator should carry a proviso that in the event of the licensing authority not granting the new licence then the proposed agreement would become null and void. Failing such a proviso the intending operator could become party to an agreement to purchase commercial vehicles which subsequently he found he could not legally operate.