The vehicle funding and fleet management specialist is on track for a fourth successive record year in terms of fleet size, revenue and profitability after an outstanding start to 2014 that has seen new vehicle orders increase by more than 45% in the first six months of the year.
The move to Skypark, Scotland’s largest business community of more than 3,500 people in office, retail and studio accommodation located in Finnieston, within walking distance of Glasgow city centre, will facilitate the company’s expansion plans.
‘We are growing at a faster than anticipated rate and the move to Skypark, in the centre of Glasgow, gives us a 20% increase in office space and represents a £1.8m investment for the company,’ said managing director Martin Brown.
‘We are growing at a considerable rate in a number of areas and will need the additional resources to underpin our continued expansion.
‘For example, we are looking to increase our presence in the mainstream corporate fleet and are introducing a number of new initiatives in this area, including maintenance management on a pay-as-you-go basis for those companies that are looking to reduce their maintenance costs.
‘We have also taken on additional members of staff and will be looking to increase staff numbers still further during the remainder of the year as we continue to grow,’ he said.
Fleet Alliance, which manages and funds in excess of 14,000 vehicles on behalf of its customers, puts the increase in trading in the first half of this year down to better economic conditions, a growing UK fleet market and increased investment in its technology and customer service offering.
The firm added that the growth in fleet orders has come from the SME sector, where more small companies have been encouraged by improved trading conditions to invest and expand, and in the medium-sized corporate sector, where a string of new wins have come from companies looking to outsource the management of their vehicle fleets to improve efficiencies.