Operators offered one-year “period of grace” to meet financial standing


 

Operators struggling to meet financial standing can now be offered a period of grace of up to a year to get themselves on a firmer footing, according to transport lawyers. Laura Hadzik, solicitor at Backhouse Jones, said the maximum period had been extended by six months to 12 months “for assessments of inadequate finance made between 1 March and 30 September 2020″. She added: “We don’t have any further details yet, it only came through last night [4 June] but […]