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 […]
Transport and logistics firm Rhys Davies & Sons marked its sixtieth anniversary last year with a 58% rise in profit, the firm’s latest annual results statement has revealed.
A harsh economic climate, growing costs and rising customer resistance to rates increases all left Gloucestershire-based haulier CM Downton struggling to raise its profit level significantly, despite a 13.8% increase in turnover in the year to the end of June 2012.
With UK banks under constant fire for failing to lend to British businesses, it is refreshing to talk to a banker who is positively eager to work with UK operators. Graham Winslet is sales director of BNP Paribas Rental Solutions, a wholly-owned subsidiary of BNP Paribas, one of the strongest banks in the world (rated AA by Standard & Poor’s). He is responsible for growing the CV contract hire business, which currently owns around 15,000 CVs in France and the UK.