The haulage and vehicle refurbishment firm has seen its turnover grow from £22 million to £30 million over the past four years, and counts Avis, Hertz and National Car Rental among its customers. In a brief statement, BCA's director customer affairs Tom Madden said: 'Euro-Fleet's business has grown substantially over the last four years. However, its principal activities of vehicle storage and large volume new and used vehicle preparation for the major rental companies are not core to the development of our auction business.'
He declined to comment on whether the disposal of other assets would follow, but said BCA would continue to use Euro-Fleet, which has three sites in the East Midlands, to provide vehicle transport to its auctions and essential services to BCA's subsidiary ITS Solutions. The sale coincides with the opening of a self-contained, nine-lane vehicle preparation flow-line at BCA's giant Blackbushe site.