FLEET Management Services has completed a major 218-vehicle sale and leaseback contract with long-standing client P&O Nedlloyd. In addition to providing an 'extremely innovative and competitive' funding solution, FMS offers P&O Nedlloyd a range of value-added services, driver contact and support, as well as consultancy advice on the establishment of a new company car policy.

FMS's managing director Shaun Price said: 'This is an extension of the excellent service relationship we have had with P&O Nedlloyd since 1991. Our acquisition last year by First National has put us in a strong position to offer the kind of competitive funding option for which we did not have the financial strength to deliver before.'