Fleet News

Reflex invests in future

Reflex Vehicle Solutions has announced a multi-million pound expansion plan to double its size within 36 months.

The company has also taken the step of protecting the plans from interest rate rises.

The £7.5m investment will be made via a funding facility provided by Alliance & Leicester Commercial Bank, which has also arranged a 10-year treasury facility to protect against adverse fluctuations in interest rates.

Reflex has a rental fleet of over 6,500 cars and light commercial vehicles.

Commenting on the deal, John Collins, managing director at Reflex, said: “In line with our plans to double the size of our business in the next 24 to 36 months.”

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