Fleet News

Nexus delivers ‘double-digit’ growth for fourth consecutive year

Nexus Vehicle Rental has delivered double-digit growth in revenue and profit for the fourth consecutive year for the period ending September 30 2017.

This year saw the company launch into the HGV market and drive further product innovation, and it celebrated a record year for new business bringing on almost 100 new clients.

Nexus’ chief executive David Brennan (pictured) said: “To record a fourth consecutive year of double digit revenue and profit growth is testament to our people, our service partners and our technology.

“As a highly ambitious and high growth business we have continued to invest in our technology and in developing industry-leading vehicle rental and business mobility solutions while delivering sustainable growth."

It now offers access to 50,000 HGVs, comprising 125 vehicle types from five tonnes upwards, via over 250 UK locations.

Brennan continued: “In the consumer market a paradigm shift in the way we consume products and services is taking place. People are moving away from ownership in favour of usership, examples being subscription services like Netflix and mobile phone contracts for Smartphones."

“This mentality is gradually percolating though to the B2B market and due to the scalability and agility of our single source platform we are well placed to respond to ever-changing demand by adding new vehicle categories to our roster as and when customers want them.”

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