Magnet extends 650-vehicle contract with Leasedrive Velo

Magnet, the UK's leading kitchen retailer based in Darlington, has extended its 650-vehicle contract hire contract with the Leasedrive Velo Group, one of the UK's largest independent privately-owned vehicle management groups, for a further 12 months. The contract covers both company cars and vans sourced under the Ford family badge and 25 user-chooser drivers.

Roddy Graham, commercial director, at the Leasedrive Velo Group said: "We are delighted to have extended our agreement for a further 12 months. At review time, Magnet set tough cost saving targets which we had to achieve in order to retain the business. This we have done and we continue to enjoy an excellent working relationship.

"The new contract is fully managed and covers everything from driver licence checking to short-term rental provision."

Karen Gregory, HR director at Magnet Group, commented: "Leasedrive Velo has always delivered on its promises and is now rolling out for us a cost saving programme which will meet our new targets. We have enjoyed continuous stability through a dedicated management team, which has made the outsourcing of our fleet requirements hassle-free."

Magnet continues to benefit from a suite of solutions available under Drive:Manager including Service:Manager, Info:Manager, Accident:Manager, Licence:Manager, Rental:Manager and Responsibility.

- ends -

Leasedrive Velo is the largest independent privately-owned vehicle management group in the UK and comprises two main operating divisions.

Leasedrive Velo Vehicle Management
Working in partnership with fleet managers, or delivering a complete outsourced service, Leasedrive Velo offers blue chip clients a range of bespoke fleet management services. Major investments in the finest asset management system and pioneering, flexible, web-based customer service technology have resulted in Leasedrive Velo offering customers a truly world class fleet management service capability.

Leasedrive Velo Rental Management
One of the largest short-term vehicle rental management companies in the UK, with access to an almost unlimited choice of vehicles and locations throughout the country, Leasedrive Velo Rental Management offers a simple and transparent pricing policy with no hidden surcharges. For rentals of 28 days or more, it offers the Stopgap mid-term vehicle rental solution. Rates are substantially reduced compared to daily rental.

The headquarters for Leasedrive Velo is at hi-tech offices at TRL in Wokingham. Leasedrive Velo is the winner of the 2006 Fleet News Award for 'Best Contract Hire/Fleet Management Company', the 2006 GreenFleet Award for 'Leasing/Rental Company of the Year', The 2006, 2007 and 2008 Thames Valley Business Awards for 'Business Management Team of the Year', the 2007 ITM Award for 'Independent Vehicle Management Company' and the 2008 ITM Award for 'Fleet Management Company'.

For further press information on Leasedrive Velo, contact:

Mr Jeremy Snook
JSPR Ltd
Telephone: 01488 670002
Mobile: 07957 867139
Facsimile: 01488 670008
E-mail: jeremy.snook@jspr.co.uk
Website: www.jspr.co.uk

More news