Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]
The administrator for contract hire and rental firm Axis Fleet Management said it now looked likely both former staff and trade creditors will receive some of their money back.
Cartwright Group has gone into administration today resulting in 490 redundancies at S Cartwright & Sons (Coachbuilders) and Cartwright Fabrications and the sale of subsidiaries Cartwright Finance, Cartwright Fleet Service and Cartwright Rentals to Contract Vehicles, the commercial vehicles division of leasing and fleet management firm Zenith.
Bridgend, South Wales-based John Raymond Transport saw an increase in both turnover and pre-tax profit last year.