Hello, just read your post and some of the replies…
I have just set up on my own. I’ve been a transport manager for 17 years in shipping & later in retail (B&Q). I decided I’d had enough of constantly dealing with idiots and decided I’d do my own thing. I’ve done the ‘apprentiship’… CPC National & International, been a traffic planner and run a fleet of trucks on general haulage and then finally Transport Manager/Depot Manager. I did my LGV in the dark ages (1995) when you could do a Class 1 from the off… and spent the next 20 years on and off jumping in and out of trucks and bailing people out.
If this is your 1st truck, cut out all the hassle and try to get something on a full R & M deal. if you shop about there are some cracking deals at around £ 250 per week, which gets you a 3 year old truck, fully serviced, maintained and taxed. You just add fuel and insure it. Shop about for your insurance. I was quoted as little as £ 2K, but that only gets you one driver. I’ve ended up paying considerably more because I wanted 3 named drivers to cover odd days and also holidays and ADR, which I can get a premium for. (Includes Goods In Transit, Motor Vehicle, PLI & ELI insurance)
I looked at buying… I could get something like an 11 plate MAN TGA 26 440 for £ 12k ish… that had done 500K. The local dealer wanted £ 35 per hour labour, but were also happy to work me out a maintenance agreement. As a new operator, to satisfy the Licencing Authority, you will probably end up with 6 week service intervals, so plan in at least 8… (although some will be inspections, intermediates etc…)
You mention about available funds. I’ve got a licence for 2 trucks & 2 trailers. The LA will grant you a licence BUT will most likely want to put an undertaking on the licence which will ask you to present 3 months bank statements, within the 1st 6 months, to ensure that you’ve got the funds & have not just switched some cash over to your business account to get the licence and then taken it out again…
Save yourself a load of hassle… I took my application into Leeds and they virtually OK’ed it whilst I waited. From start to finish it took me 5 weeks.
I like you have done agency. I got fed up of being picked up and put down. In North Lincs where I live you where offered £9 - £ 10 per hour straight through which was naff and was expected to be able to work at the drop of a hat…
I now have got regular work with a large shipping company who will provide me with fuel and will pay me 30 days prompt. The rates not great, but you have to start somewhere. I’ve also picked up a Fuel Genie card which allows me to fuel up at the supermarkets, gives me 45 days credit and they’ve even offered me a modest amount of credit…
I won’t be rich, BUT I won’t have the hassle of running 22 trucks, day and night and the shenanighans that some drivers get up to. When you can do the job yourself, you tend to lose diplomacy when you get idiots who tell you something can’t be done, or just want to drag the job out AND don’t even get me started on EU drivers…
Good luck, if you decide to set up. If you need any help, feel free to message me.
Cheers