Fleet News

Ogilvie profits up

The Ogilvie Group, which recently announced a major investment in Sheffield, has achieved its seventh straight year of growth.

Its 2007 results show an increase in pre-tax profit of 19% and turnover for the year up by £14 million.

Accounts for the year to June 2007 show that pre-tax profit rose from £5.3 million to £6.4 million.

All of the company’s operating divisions achieved growth, with its vehicle contract hire division delivering £71 million from £68m the previous year.

Chief executive, Duncan Ogilvie, said: “The fleet and contract hire division has performed extremely well again this year, with around 7,000 vehicles on hire.

"Continued expansion of the business in England has delivered most of the growth and the company opened a further office in Sheffield to complement the offices in Stirling and Manchester.”

He said he expected to see the trend for growth continue across all divisions in 2008.

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