Cabbies face robotaxi squeeze as Addison Lee boss warns of ‘predatory pricing’ Transport & Infrastructure London’s cabbies could be priced out of the market unless regulators step in to curb “predatory pricing” from deep-pocketed tech giants, the boss of Addison Lee has warned. Chief executive Liam Griffin said companies like Waymo, Wayve or Tesla risk undercutting traditional operators by subsidising fares to win market share, echoing concerns from the early [...]
Addison Lee returned to profit ahead of £270m takeover Transport and infrastructure London’s premium private hire cab service, Addison Lee, returned to the black in the year before being acquired by transport giant ComfortDelGro for almost £270m, it has been revealed. The business, which has a network of 7,500 drivers and 5,000 vehicles, achieved a pre-tax profit of £1.8m in the 12 months to 31 August, 2024. The [...]
Addison Lee drivers are workers and entitled to backpay says court Legal Drivers of private hire taxi firm Addison Lee are entitled to backdated compensation for holiday pay and loss of earnings after court classified them as workers
Addison Lee: London’s private hire cab firm set for £269m takeover October 23, 2024 Singapore-listed transport giant ComfortDelGro has accelerated its global expansion strategy with a takeover of London’s premium private hire cab service, Addison Lee, for £269.1m. The deal, which will take place through its subsidiary Cityfleet Networks, is set to drive the growth of Comfortdelgro, boosting its taxi and private hire fleet to over 34,000 vehicles worldwide. [...]
Addison Lee settles workers’ rights case before landmark hearing February 22, 2024 The private hire taxi firm Addison Lee has reached a settlement with three drivers who were set to take them to the employment tribunal in a long-running battle over workers’ rights. The claim was originally brought by three drivers who sued Addison Lee to establish that they were in fact employees and not self-employed contractors. [...]
Union GMB accuses Addison Lee of delaying workers’ compensation as operator goes back to court November 9, 2022 Union GMB has accused Addison Lee of preventing workers from obtaining their compensation after lawyers for the private hire service challenged a Court of Appeal decision from April 2021 on workers’ status. According to the union, Addison Lee said workers’ status should be argued once again in an Employment Tribunal tomorrow. “This once prolific minicab [...]
Addison Lee boss: Taxi firms making a fortune during strikes is an ‘urban myth’ October 24, 2022 Private taxi and hire companies making a fortune during strike days is an “urban myth”, according to Addison Lee’s chief executive Liam Griffin. “We don’t surge in the way Uber does,” Griffin told City A.M. “We continue to charge the same rates we would on any given day.” The comments come as thousands of rail [...]
Addison Lee returns to profitability for first time since 2020 takeover April 27, 2022 Addison Lee announced today it has returned to profitability for the first time since its March 2020 takeover. In the financial year ending 31 August, the London-based private taxi provider achieved an adjusted EBITDA of £7.9m on a £164m turnover. Following the end of travel restrictions in the UK, the firm reported a 47 per [...]
Addison Lee calls in UN to train drivers on women’s safety November 25, 2021 Private cab company Addison Lee is partnering up with UN Women UK to provide training to company staff on women’s safety issues. Part of UN Women’s Safe Spaces Now campaign, which aims to create safe spaces for women in their everyday life, the programme will help taxi and PHV drivers to recognise and act when [...]
Addison Lee and JustPark strike EV charging partnership deal October 21, 2021 Private car hire service Addison Lee has struck a partnership with technology platform JustPark to provide drivers with off-street charging points for electric vehicles (EV). The deal will grant drivers access to Fleetcharge – a charging solution that provides charging locations for fleet drivers. The solution was developed by JustPark in collaboration with Octopus Energy. [...]