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Bankrupt director disqualified from holding an O-licence for a year

  • 10 September 2012
  • By Roger Brown

Anglesey-based agricultural haulier Dyfed Jones, has been disqualified from holding an O-licence for a year after being made bankrupt just days before a public inquiry (PI).  

Following the PI, held in Wrexham in July, at which the insolvency service presented evidence that Jones had been issued with a bankruptcy order earlier that month, traffic commissioner (TC) for Wales, Nick Jones also revoked the O-licence of the business.

At another inquiry in November 2010, the TC had curtailed Jones’ licence to two vehicles and three trailers, and also asked that he produce evidence to prove his business could provide his evidence of satisfactory financial standing within 28 days.

The operator did not provide finances despite protracted correspondence from the TC’s office chasing this up.

TC Jones added: “Other operators have struggled to keep their businesses afloat during difficult trading conditions but have restricted the size of their business in view of the legal requirement to have access to specific sums of money.

“The rationale for financial standing is both road safety and fair competition.

“Dyfed Jones has had significant financial benefit continuing to operate without adequate financial standing; this has been to the disadvantage of good operators that comply with the rules that apply”.

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Article source: http://www.commercialmotor.com:80/latest-news/bankrupt-director-disqualified-from-holding-an-o-licence-for-a-year