Liquidators appointed for Taxi Transfers

Liquidators appointed for Taxi Transfers

Liquidators have been appointed for Taxi Transfers more than four weeks after the firm sold its assets to UK taxi booking company Cabfind, leaving suppliers thousands of pounds out of pocket.

At a creditors' meeting yesterday, Harvey Madden and Peter Gray of insolvency practitioners Taylor Rowlands were appointed joint liquidators of the firm.

Doubts remain over whether overseas suppliers, who claim to be owed thousands of pounds, will be able to recoup their losses.

Insolvency manager Andy Lowe said Taxi Transfers was owed money from various travel agents, including Sun4u which collapsed last year.

 "There are some monies owed to the company by agents, but some of these are insolvent themselves. We will try to collect in as much money as we can, but the creditors will receive pence in the pound."

It is not yet known whether the sum paid by Cabfind for Taxi Transfers' assets, namely its website and forward bookings, will be taken into account.

Lowe said: "That price was paid prior to our appointment and we are still awaiting details of the exact terms from the solicitors. That's certainly one of the aspects we have been charged with looking into and will want to satisfy ourselves about."

Taylor Rowlands will issue a report to creditors in the next couple of days.

All seven staff from Taxi Transfers – set up as part of Freedom Direct, which failed in April 2009 – have been being retained at the call centre in Newcastle.

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