Old Etonian ex-City stockbroker has ambitious plans as Camden taxi mogul

Nicholas Monteith. Picture: Nigel Sutton.

Nicholas Monteith. Picture: Nigel Sutton. - Credit: Nigel Sutton

An old Etonian whose career as a City stockbroker was derailed by the recession is looking forward to a profitable future at the helm of a Camden mini cab firm.

Nicholas Monteith, 51, bought mini cab company Mornington Cars in 2008 as a business venture alongside his 25-year career as a Japanese equities salesman.

But in 2009, Mr Monteith found himself jobless after a widespread City cull following the global economic crash.

He soon took on full-time duties at the mini cab business, based in Millbrook Place, Mornington Crescent - manning the company telephone lines and personally delivering leaflets to businesses across Camden.

Since taking ownership of the business, Mr Monteith has increased the firm’s fleet of cabs from 12 to 35 and is determined to continue the expansion up to 100 cabs or more.

Reflecting on his transition from high finance to mini cabs, Mr Monteith said: “Running a taxi firm is less stressful than working in the City, you don’t have the constant pressure on you.

“But I do miss the City and I do want to get back in. I know it’s going through a bad patch at the moment and there’s no hiring so while it goes through this patch, I’m happy growing my taxi firm.”