The number of small fleets signing up to
contract hire with Lombard Vehicle Management (LVM) has increased
by 23% in the year to end-September.
The lessor reported a 10% increase in the
number of contracts with small fleets (those up to 150 vehicles),
in the month of September.
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LVM has provided finance on 3,500 cars
and 1,000 commercial vehicles in the year to end-September.
The company is strengthening its fleet
management business with SME customers asking for fleet management
consultancy alongside funding.
LVM managing director Stuart Houlston said:
“We are open for business and, unlike many who can only offer fleet
management with funding through another source, we can provide a
one-stop shop with the fleet solution as well as the funding.”
The leasing company returned to profitability last year, after a
post tax loss of more than £17m (€20m) in 2008.
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By GlobalData
