business news

Addison Lee banks plan to take control as takeover talks run aground

Addison Lee’s banks are planning to take control of the company in a bid to avoid the threat of administration. The move is in reaction to a lack of progress in selling the business, which is facing a debt replayment of more than £250m in April.

Coventry brings private hire rules up to date

Electric private hire vehicles will be allowed in Coventry under changes proposed by the city council. And it has also been proposed that minimum seat sizes will be scrapped, with both plans set to be approved this month.

Mercedes-Benz V-Class is Professional Driver Magazine’s 2019 Car of the Year

Mercedes-Benz scooped the top prize at the 2019 Professional Driver car of the Year Awards. Britain’s chauffeurs and Private Hire drivers voted the new Mercedes-Benz V220d Long as Car of the Year for 2019. The car also took the prize for MPV of the Year for the third year running.

LPHCA makes strong call for national private hire standards

National standards for private hire vehicles and drivers should be absolute, LPHCA chairman Steve Wright (pictured above) believes. He used the association’s annual roadshow last week to call on the government’s Task & Finish group to look at a proper national standard, not a minimum requirement as part of new proposed rules for the trade.

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