Lack of cash reduces licence
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• Removals contractors Richard and Steven Russell of Chatteris were granted a new international licence at a Cambridge public inquiry, but only for two vehicles instead of the five asked for, because they were unable to meet the new finance requirements.
Eastern Licensing Authority Brigadier Compton Boyd said he needed to be satisfied that the Russells had capital reserves of £2,000 per vehicle. Figures produced showed a reserve of only £5,000.
Richard Russell said that the company had been granted in terim authority to operate one vehicle in October. At the end of November it had an overall trading deficit of £5,000 but that had now been reduced to £3,500. The company was now in Yellow Pages and the number of inquiries received had tripled.
Granting a licence for two years, Brigadier Boyd said that he would have had to find that Russell did not meet the require ment in relation to repute if the community service order had been for 60 hours.
He felt that the whole enterprise was on probation.