However, a refinancing package from parent company Kamkorp will allow the company to restart production this month and it is also hoping to offer jobs to some of its former employees.
“We can now start to trade again and over the next two weeks we will have a clearer picture of the timescale involved for full production to begin but we will have our first TTT models coming off the line by the end of the month,” says Mark Morris, acting managing director. “Staff levels will expand from the current handful of workers already on site to around 40 by the time we start full production before the end of the year.”
Metrocab was founded in 1993 and at its peak produced 100 vehicles a month. This dipped to just five prior to the CVA.
“We should be producing four to five TTTs a week in the near future and we will now be able to continue to supply existing TTT owners with replacement parts.”
The first Metrocab TTT black cab to come off the line this month will incorporate the latest London Taxi regulation changes implemented by the Public Carriage Office.
Kamkorp has also appointed a new team to run the company – they are Stephen Ferris, general manager of the original business, Charles Webb, a previous manager, who becomes operations director and Paul Grindley, who is the new commercial director.