Private hire company, Addison Lee, looking for new headquarters in either Paddington or Clerkenwell.
Minicab company Addison Lee, is rumoured to be hunting for a new headquarter site in the capital.
The London minicab firm, which has already stopped trading from its Granby Terrace property has recently instructed James Andrew International to sniff out opportunities for a 20,000 sq ft HQ according to Property Week.
With their current lease due to expire on its Euston head office at 35-37 William Road, the minicab business is believed to be hunting for a new base in Paddington or Clerkenwell.
Founded 1975 in a London back street, the company grew to become the capital’s largest private hire company, but has now been overshadowed by a certain smartphone app.
The business still operates a fleet of over 4,000 vehicles in central London but is allegedly struggling to keep up with competition from the app that has over 30,000 vehicles.