A Lombard spokeswoman said: 'BCC is a key element in Lombard's strategy for continued growth in the contract hire market. Any rumour that Lombard is considering selling BCC is untrue.' In January, Lombard said it was 'considering all options' after agreeing to purchase Rover's shareholding to add to its existing 51% stake in BCC following BMW's decision to bring both manufacturers' contract hire operations in-house under the direct control of the German parent.
Both BCC and Lex Vehicle Leasing set up project groups to investigate possible synergies between the two companies - a process which is ongoing. Mercer and Lombard finance director Harry Roome said BCC and Lex were co-operating in some areas - such as purchasing and disposals - but that there was very little crossover between the two companies' client bases.