Legal advisor OLMC goes into administration
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OPERATORS THAT relied on OLMC offering tacho analysis and help with licence applications have been promised continuity of service after it went into administration. The Wakefield firm appointed administrators from PR Booth in October after it lost customers when hauliers began saving on overheads to counteract fuel price rises and reductions in turnover.
OLMC gave advice to its clients, including local firm Gee’s Haulage, so they complied with the regulations and legislation governing the sector. Due to continued losses, it was unable to pay a total tax liability of £66,000 and the decision was made to put it into administration.
However, administrator Phil Booth said one of the directors had created a new firm, Myers & Family, which bought OLMC’s business and assets for £8,500.