ABEC strike 10-vehicle Lex Autolease deal
By Jack Stocks
Friday, June 27, 2014 - 11:30
PLAN: ABEC aim for huge growth
In contrast to their traditional choice to either purchase or rent their fleet, Automated Building & Energy Controls (ABEC) have secured significant savings by leasing ten new vehicles.
The cars, including Volkswagen Passat, Ford Mondeo, and Vauxhall Insignia models and obtained from Lex Autolease, have CO2 emissions of 120g/km or less, helping to reduce the building and energy management system specialist’s fuel spend and attracting taxation benefits.
Based in Tewkesbury, and with four other UK offices, the company employs 69 people and has an annual turnover approaching £10million, with plans to increase its UK revenue to £20million by March 2018.
Integrating low-emission, fuel-efficient, cars into its fleet not only supports sustainability, but will save ABEC significant on-road and maintenance costs.
Daniel Kittow, Managing Director at ABEC, said: “The costs of short-term car rentals was becoming unsustainable for our business.
“This leasing deal has significantly cut those costs, which means we can now spend more time and energy delivering our core business services to existing clients and focus on expanding our customer base throughout the regions.”
Amanda Hiorns, Relationship Manager at Lex Autolease, added: “As a business that largely relies on consultants on the road, moving away from car ownership to leasing will allow ABEC to focus on its core business, manage duty of care for its employees and budget more effectively.
“The inclusion of maintenance will also remove the risk of unexpected costly repairs.
“All-in-all, a cost-effective move that puts the company in a good position to grow its business.”