THE management team at Bynx has agreed to buy-out the fleet solutions provider. Managing director Mark Binks, co-founders Martin Squires and Paul Harper and fellow director Paul Fenelon, now have control of the company.

Binks said: 'We now know where we want to go and how we are going to get there. We are working in partnership with some major fleet and leasing companies who are now beginning to appreciate the full business benefits that can be achieved by utilising our range of Oracle-based applications.'

Prior to the management buy-out, the Leasing Group owned 50.1% of Bynx.