Meeting the required level of financial standing is a fundamental obligation for all operators. Failure to do so can put your Operator’s Licence at risk, including the possibility of revocation by the Traffic Commissioner.

Financial standing is not a one-off requirement. It must be maintained throughout the lifetime of your Operator’s Licence and may be assessed at several key stages, including licence applications and variations, five-yearly continuations, and Public Inquiries. Importantly, it can be checked at any time.

We are increasingly seeing operators caught out, either because they do not meet the required thresholds or because they are unclear about how financial standing is assessed and which sources of funding are acceptable.

Our regulatory specialists provide clear, practical advice to help you understand your position, address any shortfalls and avoid unnecessary regulatory action.