Fleet News

Bid to buy ailing taxi firm

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.

  • Subscribe to Fleet News.
  • Get the news delivered to your desktop
  • Leave a comment for your chance to win £20 of John Lewis vouchers.

    Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

    Login to comment

    Comments

    No comments have been made yet.

    Compare costs of your company cars

    Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

    What is your BIK car tax liability?

    The Fleet News car tax calculator lets you work out tax costs for both employer and employee