THE directors of taxi-maker Metrocab are believed to be among several parties looking at buying the business.

The Tamworth-based company, which makes purpose-built taxis and hackney carriages, went into administration in January.

Metrocab had been producing eight vehicles a week on average, a figure believed to have dropped closer to five by the beginning of this year.

One of the potential buyers is understood to be a consortium of former Metrocab directors, led by Steve Ferris, the company's director of sales and marketing. They have put in a bid with the administrators to buy the company and the intellectual property rights.

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