LEASING broker Rivervale entered the FN50 league of leasing companies for the first time with its own book.
In at number 45 for the first time, the Brighton broker is credited with taking risk on a fleet size of 1,224 vehicles.
It forms part of Rivervale’s plan to spread its operations across a variety of channels, which includes being a dealer for the Maxus franchise, selling minibuses and offering sophisticated fleet management services.
“We are delighted to join the ranks of the FN50. Achieving this status has been a key ambition for some time. Our dedicated team in Brighton deserves immense credit; their hard work and commitment to reaching such high industry standards have made this possible.”
The FN50 achievement underscores the evolution of leasing broker businesses, demonstrating their capacity to excel and compete in areas once considered exclusive to larger corporations.
“We are excited to build on this momentum, with aspirations for continued growth and innovation within the sector,” added Vince.
Rivervale wasn’t the only broker in the FN50 – Jurni, formerly Bridle, came in at 41, dropping down from p36 the year before.
Broker News knows of other brokers with vehicles on risk, although they are not represented in the FN50 – at least not yet.
Drivalia is new funder in the FN50
Rivervale wasn’t the only new face; leaseco and broker funder Drivalia made its first appearance in the FN50, debuting at 28 with a fleet size of 5,550.
Most of Drivalia’s vehicles on risk are cars, with a small proportion of light commercial vehicles.
“The whole Drivalia business is incredibly proud to have joined the FN50, to be the highest ranked of 5 new entries to the list is a testament to the team’s work. We have an eye on the FN50 placement and will seek to continue to rise up the list, although our priorities remain customer experience and business robustness. Concentrating on these will generate sustainable growth and a stable portfolio.”
Drivalia is a valued partner of Broker News, enthusiastically supporting our Women in Broking series.
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Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
