Alliance & Leicester, which acquired Sovereign Finance and its vehicle management and contract hire operation through its commercial banking arm Girobank in 1996, refused to confirm or deny the reports. Manchester-based Sovereign had a fleet size of 5,500 vehicles on September 1, 1999, ranking it 42nd equal in FN 50, Fleet News' survey of the UK's top 50 contract hire companies. Managing director Gary Benfield declined to comment.
Sovereign speculation is rife
18/05/2000 in NEWS