Company must have about 6Kfor every truck.But for what can use this money??For any repair,petrol it just for some??For what can t use this money in business?And how quickly must top up bank account in money in as used??
To apply for an operating license , the applicant only needs access to the financial limit set by the Traffic Commissioner , you don’t physically have to have the money in the bank , so credit cards or loans are accepted .
The money if needed is to keep the business going in a safe way without taking shortcuts , the diesel money comes out the rate your customers pay not from the O license fund . And repairs that will make you cry due to the cost and loss of profit.
For a Standard National o-licence you need £8,000 for your first vehicle and £4,450 for each additional vehicle.
Why do you need it? To show you’re fit to run properly maintained commercial vehicles on the road and that you’re not a cowboy, so it’s not to cover your fuel bills.
Statutory document No. 2
assets.publishing.service.gov.u … -13.12.pdf