Lex Autolease Fuels Growth For Bullivant Media
By Maddy Price
Tuesday, May 17, 2016 - 10:40
Midlands-based publishing business Bullivant Media has agreed a new vehicle leasing agreement with Lex Autolease to support its growth plans across the region.
The family-owned firm has leased 18 new Seat Ibizas to support a recruitment drive as the company looks to handle a growing pipeline of new revenue streams across the Midlands.
The business, which is targeting 10 per cent year-on-year growth for 2016, said that the new vehicles will help deliver the cost savings needed to support the planned expansion while bolstering the employee benefits offering for its growing team.
The new deal, which will see the firm lease the new vehicles on a 24 months contract hire agreement, is part of a wider package of support including funding from Lex Autolease’s parent company Lloyds Banking Group.
Ian McGahan, Director of Finance at Bullivant Media Ltd, commented: “As an ambitious company looking to expand our business across several regions, first impressions are everything. By providing our staff with brand new vehicles we can present our company in the best possible light, all the while cutting our overheads to free up cash flow for future investment.”
Emma Atkinson, area relationship manager at Lex Autolease, said: “This agreement makes financial sense for Bullivant Media, reducing the costs and risks of vehicle ownership, while ensuring its teams are driving new, fit for purpose vehicles.
“We’re seeing an increasing number of nimble, growth-orientated firms switching to leasing for a variety of reasons, one of which is ensuring an attractive employee benefits package is in place to help bring in the best talent.”
Headquartered in Redditch, Bullivant Media publishes and distributes newspapers and magazine titles to a population of 550,000 across Warwickshire, Worcestershire and parts of the West Midlands.