Finance doubt
7th November 1981, Page 13
7th November 1981
Page 13
Page 13, 7th November 1981
— Finance doubt
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Keywords :
East Anglia, Business / Finance
AN EAST ANGLIAN operator was refused a psv operator's licence last week, when the Eastern Traffic Commissioners were confronted by doubts about its financial and maintenance resources.
Commissioners' chairman Ken Peter said they were satisfied about Elite Travel (East Anglia) Ltd's good repute, but were concerned that there was no banker's reference, certified accounts for the year to last April, or cash-flow forecast for the next year.
On maintenance, he said that there was insufficient evidence of there being adequate maintenance facilities, even if an agreement with a commercial garage for inspections, and added that no one in the company appeared to be competent to repair the vehicles, let alone inspect them.
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Ken Peter