Encouraging growth as Hitachi Capital announces profits
A growing client base
has been a key aspect of Hitachi Capital Vehicle Solutions’ increased profit.
The fleet finance and management providers saw pre-tax profit increase by 6% to £11.5m in the 12 months before April 2011 with a turnover of £134m.
The addition of 6,200 vehicles from Newtown Vehicle Rentals Ltd has been key to HCVS expanding its fleet by 16% to over 50,000 vehicles.
Simon Oliphant (pictured), Chief Executive at HCVS, said: “Following a successful year, we are pleased to report an increase in our overall company turnover and profit as well as fleet size.
“I am confident these figures reflect the achievements of our business strategy and commitment to providing the highest levels of customer service which has enabled us to grow our fleet portfolio.”
Looking ahead
James Worraker, Head of Finance at HCVS, added that the encouraging figures demonstrated the company’s attitude and ability to deliver profitable growth through contract hire cars, commercial fleets and the driver instructor market.
He said: “Looking ahead, with our committed and experienced employees and provision of funding through the strength of our parent company, Hitachi Capital Vehicle Solutions is strongly placed to meet both new and existing customers’ requirements.
“We are committed to maintaining high service levels and delivering innovative solutions.”
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