Zenith Vehicle Contracts had a successful year in 2007, and grew
its profits for the 12 months to March 31 2008 to £5.3m, up 26 per
cent on the same period the previous year.
Turnover showed a similar rise, up 27 per cent to £83m. Zenith’s
total fleet grew organically by a third to nearly 19,000 units,
boosted by the acquisition of high-profile clients such as BP,
Allied Bakeries and Redrow.
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Zenith underwent its third management buyout in June 2007, and
recently acquired employee car ownership scheme specialist Provecta
(see MF May 08), taking its total fleet size to 26,000
vehicles.
“We have continued to develop our ancillary services, with net
income from daily rental and accident management services growing
strongly,” said chief executive Andrew Cope, adding that he
expected Zenith to continue to grow organically, despite “a more
difficult market environment” for lessors.
Motor Finance Issue: 45 – July 08
by Jo Tacon ,
Published for the web: July 28 08 10:53
Last Updated: July 28 08 10:54
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