PANEL VERDICT • Pre-pack administration firms should be monitored more closely by TCs.

27th June 2013

Page 16, 27th June 2013 — PANEL VERDICT • Pre-pack administration firms should be monitored more closely by TCs.

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• Smaller hauliers often go under because they are owed money by failing firms.

• 0-licences should be withheld or restricted until companies prove financial stability.

• Closer checks are needed on how firms are able to prove financial standing so soon after going bust.

• Some members feel judgements are needed on a case-by-case basis as some firms close through no fault of their own.