Marshall Leasing Breaks Vehicle Milestone
We’ve got some great news to share with you all. Under our first full year of ownership through Northridge Finance, we’ve broken through the 8,000-vehicle milestone for the first time! This news comes as part of an announcement by Northridge Finance celebrating a record year with lending reaching £1.1 billion in 2018. We were acquired by Northridge in November 2017, as a subsidiary of Bank of Ireland UK. The institution has reported profit before tax of £173 millions for the 12 months ending December 31, 2018, up from £151 in 2017.
Our Managing Director, Peter Cakebread said “Marshall Leasing has had a great first year as part of the Bank of Ireland UK and Northridge family. We have exceeded the 8,000 funded fleet vehicle milestone and our entry into the intermediary market is generating strong orders. We have continued the rapid expansion of our minibus offering through Marshall Minibus, taking the fleet to 139 vehicles, an increase of 283%.
“Our shared outlook and goals are driving the businesses forward together and this is benefitting our customers through more products, better technology and a broader team of experienced professionals to deliver great service.”
James McGee, the Managing Director for Northridge Finance also said, “2018 was a fantastic year for Northridge. This is out first full financial year with Marshall Leasing, and we are delighted to exceed £1billion in lending and 8,000 vehicles in our funded fleet. Both are firsts for our business, and the cultural fit has been one of the real strengths of the acquisition.
“We have seen an increase in business of 31%, strengthened our long-term relationships and have grown our network of retailers. Our focus will be continuing to improve service and investing in new technology so we can serve our customers brilliantly.”
As a business, we are now positioned in 26th within the Fleet News 50 (FN50), and as the 2018 Fleet News Award winners of Leasing Company of the Year sub 20,000 vehicles, we are looking forward to the next exciting stage of business which 2019 holds for us.
Thank you to everyone who has made this a possibility. We appreciate your invaluable support and will continue to provide a personal, professional and efficient service for your fleet.
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