Buoyant used car market helps Ogilvie deliver record performance
By Kyle Linsay
Wednesday, December 18, 2013 - 10:00
BUOYANT: Ogilvie deliver record performance
Ogilvie Fleet have reported record operating profits of £3.725million, with buoyant used company car and van values the key factor behind the performance.
The contract hire and leasing company increased their fleet size to almost 11,000 vehicles this year, and also saw turnover accelerate to £105.4million for the year ended June 30, 2013.
This figure was higher than in 2012 – when turnover hit £104.8million – while profits jumped almost 50% compared to last year’s £2.5million.
Nick Hardy, Sales and Marketing Director at Ogilvie Fleet, said: “Fleet is going from strength to strength.
“While we have benefited from used vehicle market conditions, we have continued to win new businesses and retain existing clients due to a combination of our industry leading products, unique online tools and best-in-class customer service.
“In a tough marketplace where customers are continually seeking increased value for money, Ogilvie Fleet has shown through its product range and leading-edge management solutions that it can deliver.”
Ogilvie Fleet have offices in Belfast, Birmingham, Sheffield and Stirling.
Image courtesy of Images of Money, with thanks.