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Green light for Timber Transport
Page 22
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Glasgow based Timber Transport has been granted authority to oper ate lb vehicles and 25 trailers from an operating centre at Drakemire Drive, Castlemilk.
Granting the application, the TC indicated he was satisfied that Timber Transport met the requirements to be of good repute, appropriate financial standing and professional competence.
The firm, whose director Thomas Hamilton was involved with two previous companies—John Smillie and Brick Transport—had been operating under interim authority. Scottish Traffic Commissioner Michael Betts had adjourned the hearing of the company's application for a financial assessor to consider the financial evidence.
During the hearing in September company director Thomas Hamilton told the TC that two of the directors of John Smillie, George Templeton and William Cusack, had been involved in a management buyout of Brick Transport.
Templeton and Cusack were employed by Timber Transport and he had also put in two transport managers who would oversee the day to day operation purchase of John Smillie, which had been losing money, in return for shares in Brick Transport. The idea was to amalgamate the two operations. Unfortunately, he added, four days later an oil company put Brick Transport into liquidation.
The banks were only prepared to keep John Smillie going if large personal guarantees were forthcoming, which he did not believe was worth considering, and that company also went into liquidation.