During the course of 2009, the number of transport companies that entered administration increased by around 16% on the previous year. With a continued squeeze on the transport sector, it is inevitable that this number will rise during the next 12-18 months.
All those in the transport sector operate under a set of regulations which manifest themselves in an Operators' Licence ('O-Licence') which is required for the operation of vehicles within the UK. The O-Licence is one of the most valuable assets of any transport company, without which they would not be able to operate legally. O-Licences are policed by the Traffic Commissioners.