This will please a LOT of people:
The Echo reports that:
NOTORIOUS clamping company LBS Enforcement has stopped trading.
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The firm has been frequently exposed in the Echo for for its heavy-handed style and extortionate penalty fees as it stalked the streets of south Essex for more than three years.
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Director Mark Stone, 43, who set up the business with partners Matthew Boosey and Samuel Lancley, is due to face blackmail charges at Basildon Crown Court next year.
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Now it has emerged that the allegations have prompted the Security Industry Authority, which regulates the clamping industry, to suspend Mr Stone?s licence. It has deemed him a risk to the public.
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In an e-mail to the Echo, LBS confirmed it had packed up and claimed Mr Stone had retired and left the country.
Full article is here.