MEDICAL and electrical equipment manufacturer Clement Clarke International has signed a sale and leaseback deal worth more than £200,000 with PHH Vehicle Management Services. The company's 33-vehicle fleet - previously purchased outright - was already operating under PHH's AllStar fuel management service, but the new arrangement takes the relationship further.

Under the new deal, Clement Clarke has sold 24 of its vehicles to PHH and will lease them back over varying periods of up to two years. The remainder of the fleet is being managed through PHH's Red Fleetcard maintenance programme.