Car and van remarketing outfit Greenhous
Remarketing Services Ltd (grs) saw its van business grow by 96%
last year, the company reported last month.

The company, which also reported a 37% sales
growth, linked the growth to the appointment of a dedicated
commercial vehicle team in January 2009.

Previously CV remarketing work was carried out
by the company’s general staff of remarketers.

In a statement, the company, which assists
leasing companies in their asset remarketing activities, said:
“Like-for-like quarter one sales has seen a 96% rise in van sales
from 2009 to 2010 and a 22% increase in the number of dealer

grs’ parent, Greenhous Group Limited, reported
sales last year of £617m, 10% up on 2008, while post tax profits
grew 41% to £3.1m.

The group’s short-term debts total £60.9m,
almost half of what they were at year end 2008.

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By GlobalData

Its main source of debt, in the form of stock
facilities, term loans and overdrafts, are PACCAR Financial
Limited, the captive arm of DAF, as well as GMAC UK PLC and Royal
Bank of Scotland.

grs remarkets used LCVs via its logistics
centre in Cold Meece in Staffordshire.