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Courier company loses appeal regarding financial standing

  • 21 January 2014
  • By Roger Brown

Go Couriers – whose O-licence was revoked on the grounds of financial standing – has lost its appeal against the decision.

Following an appeal hearing, upper tribunal judge Mark Hinchliffe upheld the July decision made by Sarah Bell, traffic commissioner for the West of England.

The Southampton-based firm held an O-licence for four vehicles, with one vehicle in possession.
A maintenance investigation into the firm by a Vosa examiner in March and April 2013 was marked unsatisfactory for 10 reasons, however, a separate traffic examiner’s report noted no serious infringements.

The company was called to a PI in July 2013. It was told it must demonstrate that it had £19,200 readily available and supply its latest profit and loss accounts and balance sheet; original bank statements for the past three months; and details of any overdraft facility or other loan arrangement.

However, the business failed to submit evidence of financial standing. At the appeal hearing, the judge said: “The TC had to be satisfied that the company had sufficient financial resources to meet the requirements of the legislation. Unfortunately, this information was not sent to the TC before the public inquiry.”

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Article source: http://www.commercialmotor.com:80/latest-news/courier-company-loses-appeal-regarding-financial-standing