Fleet News

Fleetlease double profits in best ever year

FLEETLEASE has reported a 100% rise in profits during its most successful year to date. Pre-tax profits increased by 109% to £1.9 million on turnover up 14% at £36.5 million in the year to March 31. During the same period, the company's fleet increased from 7,000 to 11,000 vehicles thanks to deals with Kent County Council and accountants KPMG, together worth 3,400 vehicles.

Parent company Hitachi Credit UK is preparing for a London Stock Exchange flotation later this month which is expected to generate extra cash to expand the business further.

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


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