Internal scrap puts Wellington Combined Taxis into administration

Wellington's oldest taxi company is continuing to trade. (Image: BusinessDesk)

Tue, 24 Sep 2024

Wellington Combined Taxis was placed in voluntary administration on Tuesday after its latest financial accounts described a “difficult year” that included public service layoffs and “civil servants working three days per week at home.”However, BDO administrator Iain Shephard said the move's cause, which has not affected day-to-day operations, is legal action launched in mid-2023 by “several shareholders”.This had caused “internal disruption and a large drain on cash”.While the three companies...

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