Taxi Driver Online

I was had over by a Ltd company in april 07

Ive just discovered the main man/miscreant involved (a serial Ltd company offender) has just bought a rather magnificent hotel/pub/eatery in the south west

this cheers me up no end

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Of all the things ive lost, i miss my mind the most

pity its passengers and not goods, cos ive known hauliers/couriers load up, then ring and ask for whats owed, or the lot goes AWOL...

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Of all the things ive lost, i miss my mind the most

Hi CC, thanks for the invite! As for the blog, there's a few contributors that help me, and yes, collectively you could say we're creditors. However, our main motivation is that we're on a mission from God

The licencing debate is a deep topic, and we're far from experts on the industry, but I tend to agree, especially how FE used to do it - and ESPECIALLY how Connect-Point UK Ltd are looking to do it, for any number of reasons.

We approached Burnley Council - who plated their vehicles (well some of them) - and have yet to hear back.

Considering Connect-Point UK Ltd are working on figures of up to 90% outsourced to other suppliers, are relying on the suppliers not realising they are still effectively FE, and the suppliers invoicing through a third company (Glenvale Walk Ltd - based in a Financial Planners office in Manchester), begs the question if there is an even an 'operator' to start with?

Connect-Point are working from the FE offices in Malta, they've registered the domain connect-point.co.uk based in the Manchester office of the Financial Company.

The biggest mystery seems to be why Virgin haven't put a stop to this already, either for
i) contractual reasons (company they're contracted to being in administration)
ii) licencing/insurance reasons (FE's own cars are possibly working outside their operators licence, with the operator being in administration)
iii) service delivery implications (with FE going down, and unable to pay suppliers, what makes them think this won't happen again?)
iv) PR reasons - it can't be good for their image to still be reliant on a company that's failed, or do they not know?

The whole plot seems to revolve around too many variables for it to succeed, generally reliant on each party not 'joining the dots up' and rumbling the scam.

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Fraser Eagle in Administration Forums

Fraser Eagle owe you money?

Want to find out more about Connect-Point UK?

Have YOUR say, find out the latest information, post advice

http://gigglemal.com/forums

JD is probably the guy to speak to.......and Sussex.

We all seem fairly well agreed that Fraser Eagle were a licensed PH operator and therefore subject to the caselaw.

A PH operator cannot sub contract across borders.....we didnt make the rules the courts and government did.

Virgin trains I think are liable in this.....they didnt give anyone a choice.....it was a case of you must deal with fraser eagle or you wont do our work.

Yet the facts are that many factoring firms such as HSBC invoice finance and Bibby wouldnt touch them because they were considered a risk.

We shouldnt forget FE were paid millions by Virgin trains when they were awarded the contract.

CC

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

Given the number of companies Kevin Dean had directorships in within Fraser Eagle prior to the bump, it's probable he's also got more set up with relatives, friends etc. registered elsewhere to the Glenvale Walk Ltd one he's using with Iain Campbell of Ballard Campbell to 'restructure' and finance the proposed buy-out.

The Connect-Point UK Ltd Business Plan also makes reference to several Malta-based subsidiary companies, so it's unlikely to be just UK-based companies.

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Fraser Eagle in Administration Forums

Fraser Eagle owe you money?

Want to find out more about Connect-Point UK?

Have YOUR say, find out the latest information, post advice

http://gigglemal.com/forums

about £2 to setup...........


http://cmp-removals.vospergroup.com/

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Of all the things ive lost, i miss my mind the most

oh what a tangled web we weave, when first we practise to deceive...

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Of all the things ive lost, i miss my mind the most

If Fraser Eagle WASNT a licensed PH operator, but obviously had O-licences, etc, they could run thier own minibuses from 9 passenger seats upwards and sub jobs out surely?

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Of all the things ive lost, i miss my mind the most

Yep, that's about right - most credit alerts like Experian etc. hit alarm status with the rash of judgements Fraser Eagle received in the months leading up to administration.

Connect Point UK business plan suggest they're relying heavily on Invoice Finance to pay suppliers, and they value the Virgin Trains contract at 6million.

Given they're rumoured to be under-capitalised with a maximum of 600k equity, of which they're budgeting 100k for fixtures/fittings in Malta & another 100k for professional fees, doesn't suggest things will improve.


Some interesting snippets from recent Coach & Bus Weekly articles:
(one)
Ken Gibbs, communications manager at Virgin Trains told CBW: “We receive daily progress reports from Fraser Eagle and on Thursday it became apparent that they were struggling to source coaches to cover for planned engineering work last weekend. We were successful in procuring vehicles via National Express and First Rail Support.”

Asked about the status of the contract between Virgin Trains and Fraser Eagle, Mr Gibbs replied: “We still have a contract with Fraser Eagle. The contract for the supply of coaches remains in place until May 2009, while that for taxis is due for renewal in September 2009.”

However, Mr Gibbs confirmed that the tender process for the supply of both taxis and coaches was currently under way.

(two)
"Word has reached the CBW office that Virgin Trains’ new tender documents specify that bus and coach operators must be paid within 14 days, which has come as a result of problems experienced.”

PS. Any ideas why my avatar has changed?

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Fraser Eagle in Administration Forums

Fraser Eagle owe you money?

Want to find out more about Connect-Point UK?

Have YOUR say, find out the latest information, post advice

http://gigglemal.com/forums

No idea

CC

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Think of how stupid the average person is, and realize half of them are stupider than that.
George Carlin

slip of the tongue?

typical snake pit, steer clear

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Of all the things ive lost, i miss my mind the most

The above statement suggests that Virgin rail was complicit with Fraser Eagle in keeping the financial status of the company hidden from the contractors who supplied taxi and coach services. Virgin rail will know the chain of operation regarding subcontracting therefore they must have known that when they asked Fraser Eagle to supply a service that those firms who did offer a subcontracted service were unlikely to get paid. It goes without saying that Virgin Rail knowing full well Fraser Eagle has gone bust have continued with a contract that probably terminated by default once Fraser Eagle ceased to exist or could no longer fulfill the terms of the contract. The new firm did not have a contract with virgin so there must have been some fancy footwork between Fraser Eagle and Virgin in order to transfer the contract to the new company for the remaining period.

Virgin Rail should offer a guarantee of payment should this new company default on its payments to those companies who are foolish enough to offer them a service.

Quote:

We were successful in procuring vehicles via National Express and First Rail Support.”

If virgin pay then they will no doubt get a service but all taxi service providers should consider curtailing discounts and work to clock fare.

Quote:

Asked about the status of the contract between Virgin Trains and Fraser Eagle, Mr Gibbs replied: “We still have a contract with Fraser Eagle. The contract for the supply of coaches remains in place until May 2009, while that for taxis is due for renewal in September 2009.”

Fraser Eagle has ceased trading so how can there be a contract that isn't in default?

Quote:

However, Mr Gibbs confirmed that the tender process for the supply of both taxis and coaches was currently under way.

It would be interesting to find out when the tender process started because the statment below confirms that they knew Fraser Eagle were in trouble when the Tender was drawn up.

Quote:

I hope every Taxi firm entering into a future contract with any company acting as agent for Virgin Rail has the good sense to get a substantial deposit up front before providing any service.

Regards

JD

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Copyright notice © The contents of this post are copyright of JD and are not to be reproduced outside of TDO without written permission.

just ask for a credit card payment upfront, they will either pay up or slam the phone down..

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Of all the things ive lost, i miss my mind the most

so Virgin deffed FE out then

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Of all the things ive lost, i miss my mind the most

If someone puts up an avatar being used by someone else, then admin usually delete it and pop up one themselves.

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IDFIMH