A NEW Northern Ireland contract hire company has got off to a racing start - with a breakfast for 300 leading Ulster businessmen and a guest appearance by Formula 1 star, Eddie Irvine.

Fleet Financial NI has been formed by staff who previously worked for the contract hire division of Charles Hurst Group which was recently acquired by Lookers with the contract hire part then sold on to Woodchester Credit.

The new company is headed by managing director Stephen Elliott and currently has a staff of five. It has kicked off with 150 vehicles on its books with a plan to increase that to 1,500. The firm wants another 1,000 vehicles on fleet management and 500 more on personal contract hire schemes for the likes of local unions. Fleet Financial NI can be contacted on 01232 659999.