More Consolidation In The Leasing Broker Sector CONGRATULATIONS to Leasing Options and Allied Vehicle Contracts for agreeing terms in a deal that gives the Manchester broker a stronger foothold in the fleet and business sectors. And to Leasys for its fifth successive year of growth as it continues to climb up the FN50 leaderboard (see story below), along with broker Bridle Group which has…
Outside Investment In Broker Sector WHAT terrific news that Mike Potter has managed to attract outside investment from Fortune 500 company Sumitomo Corporation. It will enable the EV leasing broker specialist to expand the range and depth of services the brokerage provides. Investment, consolidation – it’s all happening, such as two broker funders hooking up. What will the impact be on the…
Sarah Worthington, head of Select Fleet Solutions, is pictured above with Select Car Leasing’s managing director Graham Conway SELECT Car Leasing is relaunching its corporate division. Initially set up in August 2020 on the back of an agreement with fleet management specialists ODO to provide Select business customers with full fleet management support, Select says the relaunch is to put the leasing…
THERE is a new chair of the Finance & Leasing Association (FLA): Rebecca McNeil. Effective 30 November, McNeil succeeds Richard Jones, who has held this post since 2017. McNeil is a highly experienced motor finance executive. Currently she is chief executive officer at Close Brothers Retail and was previously CEO at Close Brothers Motor Finance. Her CV also includes senior roles in…
MENTAL health has been the number one health topic coming out of the COVID-19 pandemic. The NHS says that one-in-four adults and one-in-10 children will experience some form of mental illness during their lifetime, but finding the right help can often be elusive for a variety of reasons. Danny Gray, the entrepreneur who set up the men’s makeup brand War Paint, and…
Pictured above, left to right: Mike Thompson, David Whitehead and Nigel Brain. LEASING Options has acquired Allied Vehicle Contracts, a West Yorkshire-based B2B leasing broker, for an undisclosed sum. The purchase will help the business development programme of the Manchester leasing broker, offering it a wider business and fleet footprint to add to its personal leasing business. Originally founded in 1977 by…
LEASING broker website and CRM provider, Automotus, has broadened the backend functionality of its CRM solution with the integration of Fleet Procure, the broker/dealer procurement system, within the software. Integration has started for all of the Bridle Group, while other users of Fleet Procure and Automotus will be updated in the coming weeks. The functionality allows any updates within the Fleet Procure…
EV LEASING broker specialist DriveElectric has secured significant investment from Sumitomo Corporation, the trading and business investment company headquartered in Japan. DriveElectric says it will enable the company to develop and expand its support services in the fields of electrification, digitisation and energy services. Sumitomo Corporation, founded in 1919, is a leading Fortune 500 global trading and business investment company. It also…