Building and energy management system provider Automated Building & Energy Controls (ABEC) has signed a vehicle leasing deal with Lex Autolease as it looks to expand its business.
The company has leased 10 new vehicles which will provide significant savings in contrast to its traditional choice to purchase and rent vehicles.
Integrating low-emission, fuel-efficient cars into its fleet not only supports its core business proposition of sustainability, but will save ABEC significant on-road and maintenance costs that can be invested in its nationwide expansion.
Based in Tewkesbury, and with offices in London, Birmingham, Cardiff and Horsham, the company employs 69 people and has an annual turnover approaching £10m, with plans to increase its revenue in the UK to £20m by March 2018.
The cars, including Volkswagen Passat, Ford Mondeo, and Vauxhall Insignia models, have CO2 emissions of 120g/km or less, helping to reduce the company’s fuel spend and attracting taxation benefits – all amounting to more cash flow to capitalise on new business opportunities.
The vehicles will be used by its specialist engineers to provide call-out and consultancy services for heating, insulation and ventilation systems across sectors including financial services and banking, local government, education and healthcare.
Daniel Kittow, managing director at ABEC, said: “The costs of short-term car rentals was becoming unsustainable for our business. This leasing deal has significantly cut those costs, which means we can now spend more time and energy delivering our core business services to existing clients and focus on expanding our customer base throughout the regions.”
Amanda Hiorns, relationship manager at Lex Autolease, said: “As a business that largely relies on consultants on the road, moving away from car ownership to leasing will allow ABEC to focus on its core business, manage duty of care for its employees and budget more effectively. The inclusion of maintenance will also remove the risk of unexpected costly repairs. All in all, a cost-effective move that puts the company in a good position to grow its business.”