Hull firm closed but how long for

hulldailymail.co.uk/r-m-tran … story.html
Is this closure just until the owners are allowed to have their licences back after 3 months or can they just put it in someone else’s name and carry on

Saw one today on A1 south around Retford pulling a container

Their wagons are still running up and down the country. Company will be run by someone else now.