Fleet Alliance has seen a slight increase in its commercial
vehicle portfolio and is undergoing a “significant” review of its
technology systems.
The number of vehicles it financed during the first four months
of 2008 was up year-on-year by 333 individual units, according to
Martin Brown, Fleet Alliance’s managing director.
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He forecasts Fleet Alliance will fund around 4,500 cars and
commercial vehicles in 2008, “which in terms of asset values lies
between £100m and £120m”.
Its asset finance division, which was launched in July 2007,
specialises in financing commercial vehicles of more than 3.5
tonnes, as well as general business assets.
Fleet Alliance provides its partners with access to
back-office support and systems for asset ordering, processing and
administration. The company is currently reviewing the technology
that lies behind this process. Last year, it reviewed its
relationship with its affinity partners into three distinct groups:
member partners, associate partners and dealer partners.
The size of its current fleet operation – 7,500 vehicles under
management – has warranted the introduction of Fleet Alliance Fuel,
a fuel-management product offered in conjunction with All Star, the
UK’s largest forecourt network.
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By GlobalData“Our fuel cards are accepted at more than 95 per cent of all UK
fuel stations, including all the leading low-cost supermarket
chains. We can also provide fully itemised bills with reports on
fleet fuel usage, which helps fleets to reduce their paperwork and
administration costs,” Brown said.
The company was formed in 1995 as an independent provider of
vehicle and fleet finance. However, Brown said the company has now
evolved into a unique position “poised between a brokerage and a
contract-hire company”.
The company’s deal acceptance rate is around 90 per cent, said
Brown. He claimed that, while there has been some hesitancy among
funders in the leasing and asset finance sectors, there is little
evidence of funders tightening their lending criteria.
