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Work for only two vehicles

23th August 1968, Page 36
23th August 1968
Page 36
Page 36, 23th August 1968 — Work for only two vehicles
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Keywords : Business / Finance

• A company which had been earning £55,000 per annum in its hey-day will be sold for £1,200 following a public inquiry at Shrewsbury on Monday. R. G. Lovett, official receiver of G. Inions (Transport) Ltd. of Hanley, Stoke-on-Trent, was applying for a new 6-vehicle A licence and two other companies were seeking licences, each for two of the vehicles.

Some of his vehicles had been under contract to Heybridge Steel Co. Ltd. and the rest were on open A Licence, said Mr. G. Inions.

Parkbridge Transporters Ltd. Oswestry, were applying for a new A licence and had agreed to pay £615 for the goodwill of two of the Inions vehicles subject to the grants, said Mr. N. Carless for this applicant but 13/16 ton vans were sought. Mr. K. F. H. Dodd, director of Parkbridge said he had recently been granted a B licence for the distribution of new furniture from London and Leeds but the van usually went out empty. He felt that much of the work formerly done by Inions would be suitable for this type of vehicle. He told the West Midland Licensing Authority Mr. J. Else that approaches had not been made to Inions' former customers since complete information had not been available until the first inquiry at Hanley on July 26. Mr. Dodd said he had no customer evidence but had some personal contacts from whom he could obtain work.

For the second prospective purchaser, Mr. Carless said Annscrost Haulage, Shrewsbury, sought to add two 7-ton tippers to its 4-vehicle A licence and had agreed to pay £1,395 for the goodwill subject to the grant.

Mr. Else said he felt the equity in relation to the Inions business would be generously represented by two vehicles with a normal user of "glazed pipes and fittings, agricultural pro duce and requisites, Midlands, Yorkshire, Lancashire, London, Bristol, South Wales, Kent, and South West." He was not prepared to licence vans to Parkbridge on Mr. Dodd's evidence.

After an adjournment Mr. G. C. Tinsdill, for Lovatt, said the purchase price to Annscroft had been reduced to £1,200 and Lovett would withdraw his application. Mr. Else granted the Annscroft variation with the amended normal user.


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