Problems With Financial Standing Resolved At Traffic Commissioner’s Public Inquiry
The Operator in this matter, represented at Public Inquiry by Harry Bowyer, brought themselves to the attention of the Traffic Commissioner when they applied for a variation for an extra vehicle. The Office of the Traffic Commissioner was concerned as to whether the Operator could meet the Financial Standing requirements for the vehicles in hand let alone the variation. The problem arose from the fact that the Operator was relying upon a Factoring Agreement to show Financial Standing along with a set of extremely confusing bank statements from a High Street bank that appeared to show large deficits unless read in the right way.
Once evidence was clarified by statements from the factoring company and a proper reading of the bank statements the Financial Standing issue was dealt with and the variation allowed in full with no action being taken against the Operator or the directors.
Case DetailsCase Name: Problems With Financial Standing Resolved At Traffic Commissioner’s Public Inquiry
Case Date: March 2018
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