The company approached Activa Contracts to provide a root and branch review of its company car policy with the simultaneous aim of making it more attractive to employees to boost staff recruitment and retention while not increasing business costs.
The Milton Keynes-based contract hire and leasing company won a competitive tender to provide company cars to family-owned Osborne, which has a combined car and light commercial fleet of some 500 vehicles.
What’s more, although a different leasing company is supplying the company’s almost 300-strong light commercial vehicle fleet, Activa Contracts is in the process of delivering 36 vans on a four-year/80,000-mile replacement cycle for a specific construction contract.
There is no fleet industry definition of the data that should be included within whole life cost figures, but Activa Contracts includes all known parameters: monthly rental, SMR, disallowable VAT, fuel, Class IA National Insurance and corporation tax relief as well as taking account of vehicle P11D value and company car benefit-in-kind tax.
The company also estimates that by introducing a carbon dioxide (CO2) emissions cap of 120g/km, it has trimmed its carbon footprint by 50 tonnes of CO2 per annum, while drivers are saving an average £20 a month in tax.
Now Activa Contracts is in the process of delivering the 36 vans, mainly Ford Transit and Transit Custom models on four-year/80,000-mile contracts. Activa Contracts last year provided a similar number of vans on daily rental as a ‘stop gap’ measure due to the urgency of the requirement by Osborne.
In the past month Activa Contracts has also undertaken a complete review of light commercial vehicle racking and livery suppliers used by Osborne and introduced the company to new providers.