An ageing fleet and historic losses dragged Axis Fleet Management down, new report reveals

Axis Fleet Management
 

Losses at defunct contract hire and rental firm Axis Fleet Management stretched back to 2017 and were driven by an ageing fleet and onerous hire agreements, according to its administrator. FRP Advisory also revealed it was on the verge of selling the entire fleet of vehicles to an interested party as part of a deal worth £28.6m, however the deal fell through when concerns were raised that customers would not replace their rental agreements. The fallout from Axis Fleet Management’s […]