All articles by MF Editorial
MF Editorial
Motor Businesses’ insolvency down 19 per cent
Motor Businesses’ insolvency down 19 per cent Research by Experian, the global information solutions company, has found that failures amongst motor traders fell by 18.8 per cent for the third quarter of 2007, compared to the same period of the year before These figures come from a review of 34 industries in the UK, which also identified that the number of businesses going bust this year dropped by an overall 27.2 per cent the fourth biggest improvement compared to other business sectors
Bearing Point: Fleets going for independents
Bearing Point: Fleets going for independents The flow of fleet servicing business to non-franchised dealers looks set to grow, Brian Rogerson finds
£4.5m sale-and-leaseback win for lessor
The lessor has signed a £4.5m sale-and-leaseback agreement covering the fleet of Hewden Tools, a tool hire company which was acquired by Speedy Hire in August. Speedy Hire is currently a Lex fleet customer, and the sale-and-leaseback will see Lex gradually move the 740 cars and vans owned by Hewden Tools over to the terms on which the motor lessor operates Speedy Hires fleet
Hatchbacks
For the second user who does not need huge load-carrying potential, such as pizza delivery, security guard or courier, the hatchback is a practical choice cheap to run, comfortable and doesnt fill up the drive or block the light from the neighbours living room.
Pre-Budget Report: Big changes deferred, but some relief
Pre-Budget Report: Big changes deferred, but some relief The Chancellor’s Pre-Budget Report (PBR) on October 9 brought one surprise on business car taxation Instead HM Revenue & Customs has merely published a summary of the responses to its last consultation document issued in March this year, with a promise of a decision on future policy in the Budget statement due next March
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FSA probe into PPI finds ‘serious failures’
Although two of the five areas investigated by the FSA – namely ensuring customers know that PPI is optional, and offering cancellation refunds on single premium PPI policies – have shown welcome improvement, the other three areas under the magnifying glass – the availability of clear product and cost information, informing customers of their eligibility for PPI cover, and advising them of how PPI meets their needs – have shown little or no improvement, the FSA said.
Company car drivers willing to ‘go green’?
A survey by research company Vox Pops International has found that the majority of business car drivers would be happy to trade in their gas guzzling vehicles for something with less of an environmental impact
Diversity helps retailer’s H1 results
UK car retailer Lookers has reported strong results for the first six months of 2007, with profit before tax at £18.1m, up 41 per cent year on year (H1 2006: £12.8m)
Handymen’s van deal for lessor
Fleet leasing company Arval has won a sole-supply van fleet deal with Powerminster Gleeson Services Ltd. Powerminster Gleeson provides plumbing, heating, gas and estate maintenance and repair services, and had been a customer of Arvals fuel card scheme for a number of years before awarding the lessor the fleet contract, which was put out to tender late last year, Arval said.
Leasing and consumer finance ‘vital’ to UK economy, says report
The economic impact of the members of the Finance & Leasing Association (FLA) has outstripped that of the hotel business and the aircraftspacecraft industry, according to a study carried out on the associations behalf by Oxford Economics