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."
 

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