All articles by Katherine Gregory
Katherine Gregory
Lessor’s sales team is restructured
Lessors sales team is restructured The 32-strong sales force of Lombard Vehicle Management (LVM) has been transferred to the lessors main business hub. Alongside the restructuring, which took place on April 1, Saul Parsonson, former director of sales, has been made redundant, while Edward Pigg, former director of procurement at Lombard, has left the company. The transfer of LVMs sales staff to Lombards wider corporate sales operation is part of the banks strategic move to create one point of contact for all Lombard corporate clients.
Lombard Vehicle Management sales team is restructured
The 32-strong sales force of Lombard Vehicle Management (LVM) has been transferred to the lessors main business hub Alongside the restructuring, which took place on April 1, Saul Parsonson, former director of sales, has been made redundant, while Edward Pigg, former director of procurement at Lombard, has left the company. The transfer of LVMs sales staff to Lombards wider corporate sales operation is part of the banks strategic move to create one point of contact for all Lombard corporate clients.
Retailer buys leasing business from Bramall & Jones
Bramall & Jones, the Harrogate-based dealership, is selling off parts of its company in an effort to consolidate dealerships in South Yorkshire and Lincolnshire, and its vehicle leasing business Lookers, the UKs second-largest motor dealer group, is set to acquire the entire share capital of Bramall & Jones VW Ltd for £2m, while the Sytner Group has bought Bramall & Jones Derby, which includes one Audi dealership, for an undisclosed seven-figure fee. This leaves the Bramall & Jones Group with one remaining business, Bramall & Jones Lincoln, which has three Audi franchises
Longer term rentals beating standard car-hire
Longer term rentals beating standard car-hire Clever marketing and growing demand has seen an increase in longer-term rentals for franchise dealers who run their own car hire operations, according to motor industry support services specialist Network Automotive
Barclays supports MBO MBI at Camden Corporate Fleet Services
Barclays supports MBOMBI at Camden Corporate Fleet Services Following the strategic acquisition of rival fleet services provider, Inchcape Automotive Ltd in June this year, Camden Corporate Fleet Services (CCFS) has further increased its profile and operational capacity with a £27m investment by Barclays Private Equity
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Record growth at Helphire
Helphire, the non-fault accident management assistance and related services company, recorded a growth in turnover of 49 per cent to £290.3m for the first six months of 2007, up from £195.4m for the same period in 2006 and a gross profit increase of 42 per cent from £81.4m in H1 2006 to £115.2m in H1 2007
Cattles defies ‘credit crunch’ with 28 per cent H1 profit growth
Cattles, the UK financial service provider to the non-mainstream credit market that also specialises in car finance, appears to have benefited from the chaos of the credit crunch – announcing a pre-tax profit increase of 28 per cent to £60.1m for the six months to June 2007 and the addition of thousands of new customers on its books The FTSE companys direct repayment customers grew by 49,000 to 458,000 on account of customers seeking alternative funding sources from credit dry banks, and group loans and receivables consequently rose by 14.6 per cent to £2.4bn.