Fleet News

Credit hire battle hits Helphire profits

VEHICLE hire and accident management group Helphire has revealed the price of peace in the battle over credit hire bills after giving up a claim to tens of millions of pounds worth of debts owed by insurers.

As a result, the company plunged into a £48.1 million pre-tax loss for the six months to September 30, 2000, compared to £2.06 million profit for the same period in 1999. Turnover rose from £29.2 million to £31.4 million over the same period.

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