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Take-over Refused: Licence Revoked

20th February 1959
Page 34
Page 34, 20th February 1959 — Take-over Refused: Licence Revoked
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Keywords : Business / Finance

THE purchase of an A-licence vehicle by turning the business into a limited company, acquiring the shares and then operating it as part of the purchaser's existing fleet without disclosing the change of user, resulted in the refusal of a section II (3) (b) take-over application and the revocation of the -original licence by the Northern Licensing Authority, Mr. J. A. T. Hanlon, at Newcastle upon Tyne on Monday.

Mr. J. Croft, for the applicants, I. W. Snee; Ltd.," Newcastle 'upon Tyne, who were seeking to take over an A-licence vehicle in the name of William Parker (Haulage), Ltd., said the Parker business was turned into a limited company in November, 1957, when Mr. Parker's health beca-me bad. Shortly afterwards Snee's acquired the shares.

The vehicle had operated with their fleet of 18 lorries for the last 11 months of 1958 and the figures for the year showed earnings of more than £3,300. There had been a big change from the previous normal user, "mainly civil B30 engineering contractors' plant and equipment, Tyneside, Wearside and Teesside," but the same type of goods had been carried.

Mr. I. W. Snee said that in the early part of 1958 the vehicle had worked for the same customers as previously. although under his company's control. During the last quarter, however, 90 per cent. of its work had been for Domestos, Ltd.

Questioned by Mr. Hanlon, he agreed that he was managing director of both companies and had signed the Parker -application form stating the normal user in December, 1957.

Refusing the take-over application, Mr. Hanlon said the statement of intention signed on behalf of William Parker (Haulage). Ltd., by Mr. Snee in December, 1957, was false and the Parker A licence would be revoked.

An application by Mr. Croft for the revocation to be suspended until the expiration of the time allowed for appeal was granted.


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