Fleet News

Leasedrive Velo announces results

Leasedrive Velo has announced that the combined turnover of the group in the first year following the successful merger between Leasedrive and Velo in January 2007 was £56m.

Earnings before interest, tax and amortisation was £4.6m.

"The excellent results achieved in the first year of trading, following the merger between the two companies, underlines this was the right move for both companies,” said chief executive officer, Roger Partridge.

"Despite a tough economic backdrop, we remain on target with our current business plan which should see an even better financial performance recorded by year end."

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


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