Cleared debt got licence
Page 6
If you've noticed an error in this article please click here to report it so we can fix it.
A MERSEYSIDE company that is selling off the majority of its fleet to meet debts was successful in obtaining a renewal of its licence before the North Western Deputy Licensing Authority, John Levin.
Sefton Services (Transport) Ltd was seeking the renewal of its 'national licence in respect of three vehicles and six trailers. The DLA was also considering whether to take action against the licence in view of the company's maintenance history and whether or not it was financially sound.
Vehicle examiner, Eric Bober, said the previous licence had authorised five vehicles and six trailers. Three vehicles and six trailers were in possession in February. The general condition of the vehicles was poor. He had issued four defect notices and an immediate prohibition, the latter being placed on a trailer. He was told that the company was in financial difficulties.
The company employed a competent fitter but it was an old fleet and the premises were not really suitable for maintenance.
Raymond Forwird, a director, said the vehicles examined had not been used for some months and only one vehicle was being used. The company had now rented adjoining premises which contained adequate maintenance facilities. It was grossing £3 6,0 0 0 with one vehicle working for one customer — Timber Haulage.
The remainder of the vehicles were to be put up for sale and all the company's debts would be cleared when they were sold. Its overdraft currently stood at £8,000 and the bank was happy to allow it to continue.
Issuing a public warning, and granting renewal in respect of two vehicles and three trailers for a three-year period, Mr Levin said he was satisfied that the company was of adequate financial standing. It was clear that the business had been curtailed to a size that would hopefully be economically efficient.