Fleet News

Nexus listed in Sunday Times Profit Track 100

Vehicle rental supplier Nexus Vehicle Management has been listed for the second consecutive year in the Sunday Times Profit Track 100, a national league table of private companies with the fastest growing profit over the past three years.

Nexus has been named at number 34 - eight places higher than last year’s listing after recording significant annual profit growth of 70% to £4.6million, increasing employee head count to 90 and growing customer numbers, including major blue chip clients.

The company’s success is largely due to its booking tool, IRIS, which last year celebrated its one millionth booking.

Nexus is one of only three vehicle rental companies listed in this year’s report, of which the company received the highest listing.

Chief executive Neil McCrossan and his team acquired Nexus in 2008 for £11m with backing from Isis Equity Partners and profits have grown consistently since. Growth has been driven by technological innovation and focus on customer service.

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