Finance for company
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A LONDON financier was leged to "have taken" a num of West Midlands haulii leading to their financial ( lapse, when Impexstone Ltd company formed by one of . hauliers concerned, applied fc new standard national licei before the West Midlands Arthur Crabtree, in Birminghs The company was seekini licence for 12 vehicles and ei trailers and its managing dir tor, Mervin Appleby, agreed t his previous company had gc into voluntary liquidation.
Mr Appleby said he had Ix a partner in E. A. & M. R. , .pleby, which had been tal over by Coopers Road Servi Ltd. The man behind it v supposed to be a London fin der, a Mr Burgess. However, had taken everything out and firm had to go into liquidati There had been a number companies bought out by Burgess and Coopers thf selves had gone bankrupt.
Mr Crabtree commented t he was aware of the activity Mr Burgess.
Mr Appleby agreed he been the transport manager o R. Appleby Transport Ltd, wh had made an application ear in the year which was later w drawn.
Questioned about financial sources, Mr Appleby said he I been operating six vehicles der interim licence. There w no debts and customers owe( the region of £80,000. They w very busy working, mainly cal ing scrap steel. He producei letter from the company's countant saying it was fin cially sound.
Walsall Borough Council v concerned about the parking rangernents, but Mr Crabt granted the application a. hearing that the company v due to move in to new premi in Wolverhampton in N vember.