Leasedrive Velo makes first appearance in Sunday Times Deloitte Buyout Track 100
Leasedrive Velo has made its first appearance in the latest Sunday Times Deloitte Buyout Track 100, which ranks Britain's 100 private equity-backed companies with the fastest-growing profits. One of the UK's largest independent privately-owned vehicle management groups, the company was ranked 89th. It was the only fleet management company to feature in the list and was one of 19 companies based in the south east of England.
Commercial director, Roddy Graham said: "Our debut appearance in the Sunday Times Deloitte Buyout Track 100 recognises the financial growth of our company in a tough and highly competitive business sector.
"We have remained true to our core vision by constantly striving to deliver the highest quality bespoke vehicle management service and demonstrably provide savings and efficiencies to our clients through investment in people, world-class fleet management systems and totally-integrated innovative solutions.
"We remain ambitious and intend to continue driving our dynamic company forward through sustainable organic growth and strategic acquisition."
Annual profit growth for Leasedrive Velo over the two years up to December 2008 was listed as 32.46 per cent. Backed by private equity partner, LDC, the senior management team - triple winners of the Business Magazine Management Team of the Year Award - holds the remaining 49 per cent.
The Sunday Times Deloitte Buyout Track 100 citation read: "The Wokingham company Leasedrive Velo provides vehicle rental and fleet management services to blue-chip clients. In September 2008, LDC backed a secondary buyout from Lyceum Capital for an undisclosed sum. One year earlier, Leasedrive had acquired Velo, almost doubling in size. Under the leadership of David Bird, Roddy Graham and Roger Partridge, profits have grown 32% a year from £8.1m in 2006 to £14.2m in 2008."
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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. Awards won by Leasedrive Velo include 'Innovation in Services and Systems' Energy Saving Trust Fleet Hero 2009 Award, Best Rental System category in the BusinessCar Techies 2009 Awards; the ITM 'Fleet Management Company 08/09' Award; the ITM 'Independent Vehicle Management Company 07/08' Award; the 2008, 2007 and 2006 Thames Valley Business Magazine 'Management Team of the Year' Award; the 2006 Fleet News Award for 'Best Contract Hire/Fleet Management Company'; and the 2006 GreenFleet Award for 'Leasing/Rental Company of the Year'
For further press information on Leasedrive Velo, contact:
Mr Jeremy Snook
JSPR Ltd
Telephone: 01235 227572
Mobile: 07957 867139
E-mail: jeremy.snook@jspr.co.uk
Website: www.jspr.co.uk
