A charity which provides transport to the elderly and disabled has had to shut down due to financial difficulties.
Torridge Community Transport Association issued a statement on Friday saying it was with ‘much regret’ it would cease trading.
A
spokesman for the trustees said: “With increasing costs/overheads and
declining revenue and funding across the transport sector, Torridge
Community Transport Association’s (TCTA) financial position has been
deteriorating for some months.
“The organisation has been working
hard to try and find solutions to address this and have also worked in
conjunction with their main customer, and funder, Devon County Council
to try to resolve financial issues.
“Unfortunately cash flow has
continued to deteriorate and it has now reached the point where further
trading would make it be irresponsible and a breach of insolvency law.
“The
trustees therefore have had to make a difficult decision and with much
regret, to cease to trade with effect from 30 January 2014 and to
instruct Bishop Fleming, Insolvency Practitioners, to assist with
placing the company into liquidation.
“It is a sad end to an organisation that has provided a valuable and needed service in the Torridge community.”
TCTA is actively communicating with alternative service providers, to try to salvage some of its services for the community.
This
time last year, the organisation took over the running of the Pannier
Market Hopper in Bideford, which will now be operated by Beacon Bus.
The
Ring & Ride service will continue but will be operated by
Ilfracombe Community Transport Association. Passengers requiring the
Ring & Ride service will need to telephone 01271 863630.
The
spokesman added: “We are working hard to enable the continuation of the
Voluntary Car Scheme, and will announce developments as soon as they are
known.
“TCTA would like to take this opportunity to thank all
passengers, staff and creditors for their tolerance and patience during
this very difficult period.YeS not recent news but i thought i would do a little add on bit.My wife and myself and others like us used this service to get to hospital and doctors appoints now our costs have increased a journey from northam to barnstaple hospital is a lkeast 25 pounds plus one way so appointments are missed.ONE THING I DONT UNDERSTAND IS WHY NO NEW SERVICE ,NO KICK UO ,WHERE DID MONEY GO AM I THE ONLY ONE WHO WISHES TO HAVE AN ANSWER
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