Water Chariots fail to take gold

Olympic passenger ferry firm went bust before end of the games

The company that was awarded an exclusive

six-month deal to provide transport to the Olympic park from Tottenham Hale and

Limehouse for the 2012 Olympics, has gone into administration. 

The people behind Water Chariots had hoped

that traffic chaos would drive visitors to pay £95 for a return boat ticket.

But the feared traffic problems never arose and Water Chariots stopped taking

bookings well before the end of the Olympics.

The company, which named one of its boats Usain

, and was opened by Prince Charles, said it was

to run 120 return services per day. But even after slashing prices mid way

through the Olympics, the 80-seat boats remained empty. A number of websites

claim that the company has failed to pay many of its staff and still owe money

to a number of different catering suppliers.