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| Addison Lee boss drives profits to £3.6m http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=18787 |
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| Author: | captain cab [ Sat Mar 17, 2012 10:52 am ] |
| Post subject: | Addison Lee boss drives profits to £3.6m |
Addison Lee boss drives profits to £3.6m at mini-cab group The founder of mini-cab group Addison Lee raked in £3.6million last year after driving the firm’s profits to record highs. John Griffin, pictured, who started the London-based cab service in 1975, enjoyed the largest slice of a £12.6million pay pie, which he shared with four other executives. His package was almost two thirds higher than last year, when he took £2.2million, and mirrors the growth of the company’s profits – which swelled by 62 per cent to £7.6million for the year ended August 2011. Company reports filed online yesterday also show the group’s turnover rose by one fifth to £127.5million during the year. Now only red tape was keeping the firm constrained to the bounds of the M25, Griffin said. ‘The Law Commission is looking at this at the moment, and if they change it we would seriously look at expanding the business outside London,’ he said. Read more: http://www.thisismoney.co.uk/money/mark ... z1pMlkcpGB |
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| Author: | captain cab [ Sat Mar 17, 2012 12:35 pm ] |
| Post subject: | Re: Addison Lee boss drives profits to £3.6m |
http://www.ft.com/cms/s/0/c82dd67c-183b ... z1pNBtBJqQ John Griffin said he had given £100,000 through his Addison Lee minicab business in the belief a Conservative government would be "positive for business". http://www.londonlovesbusiness.com/addi ... 87.article In April last year, Conservative-led Westminster Council got Addison Lee to remove 21 of its sponsored cigarette bins from the borough to “prevent Westminster being overrun with excessive adverts.” This was after Addison Lee donated £50,000 to the Conservative party in 2009-10. The party shirked the issue, and that irked Griffin. |
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| Author: | rambo [ Sat Mar 17, 2012 4:15 pm ] |
| Post subject: | Re: Addison Lee boss drives profits to £3.6m |
Good luck to him, I say. |
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| Author: | edders23 [ Sat Mar 17, 2012 6:17 pm ] |
| Post subject: | Re: Addison Lee boss drives profits to £3.6m |
rambo wrote: Good luck to him, I say. No thank you I do not personally want to see Addison Lee become a national company it could be very bad for the industry as a whole because they are the sort of company who would use any tactics to force out the competition just like arriva and stagecoach did in the bus market |
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| Author: | Sussex [ Sat Mar 17, 2012 8:18 pm ] |
| Post subject: | Re: Addison Lee boss drives profits to £3.6m |
Quote: The founder of mini-cab group Addison Lee raked in £3.6million last year after driving the firm’s profits to record highs. John Griffin, pictured, who started the London-based cab service in 1975, enjoyed the largest slice of a £12.6million pay pie, which he shared with four other executives. His package was almost two thirds higher than last year, when he took £2.2million, and mirrors the growth of the company’s profits – which swelled by 62 per cent to £7.6million for the year ended August 2011. Company reports filed online yesterday also show the group’s turnover rose by one fifth to £127.5million during the year. But didn't the mob led by the chap with the MBE recently say this, when rejecting the DSA 'taxi' test? Quote: The proposals were dropped as hundreds of operators voted against the plans at the recent LPHCA AGM in London with the argument that introducing such a requirement during difficult times(*) would severely impact the industry. Additionally, it was said that the tests would cost the business millions of pounds before any others costs are factored in. Methinks some want their cake and eat it. But it gives weight to those of us that don't want the spivs from London taking over. |
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