Fleet News

Cash injection for Fleetlease

FLEETLEASE will benefit from a multi-million pound cash injection netted by its parent company's flotation on the London Stock Exchange. Hitachi Credit (UK)'s £50 million flotation will make £15-£20 million for development and expansion when the shares go on sale later this year.

In its prospectus, Hitachi Credit, which also has plant leasing and consumer credit interests, said the cash would be used to fund insurance and warranty policies and vehicle contract hire.

Managing director Rob Whalley announced expansion plans at the company's 10th anniversary celebrations last year. The company currently operates a fleet of 11,000 vehicles and plans to expand to 32,000 by early next century.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee