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In 1969, it acquired Controlled Cost Motoring, established Lombard Contract Hire in 1983 and acquired Fleetdrive in 1988. Autolease was established in 1959 by Britax, which also owned Bristol Street Motors. [4] Through mergers, a company called Lex Vehicle Leasing emerged. By 2005, it was owned by Aviva as part of their RAC plc company.
These were pioneering examples of what is now termed "contract hire". [3] This hire business continued to grow until, in 1970, the Kennings Group had a hire fleet of 5,000 vehicles. [4] In 1910, Kenning started his first motor sales agency, for BSA Royal Enfield motorcycles. [2] His first motor car agency was with Ford in 1916.
Arnold Clark never retired from the company, remaining as chairman until his death on 10 April 2017, at the age of 89. [4] On 31 January 2019, Arnold Clark completed their takeover of The Phoenix Car Company. Phoenix was a family-run car retail group established in 1993, with dealerships of Kia, Hyundai, Honda, SsangYong and Mazda.
The vehicle rental and leasing industry supports over 465,000 jobs, adds £7.6bn in tax revenues and contributes £49bn to the UK economy each year. [2] It seeks to look after the interests of, and sets standards for operational quality for, both the contract hire and leasing sectors and the daily hire sectors.
In December 2005, Carcraft became the first independent second hand vehicle retailer to create and found a contract hire car company. [5] Named ‘All in One leasing’, the business provided services to companies who have small to medium fleets of cars, with Carcraft leasing them new vehicles, then replacing them and selling the used vehicles ...
The company launched a website, Autotrader.co.uk, in 1996, giving people the ability to buy or sell a car online. [ 6 ] British international investment firm BC Partners bought a stake in the business from John Madejski in July 1998 for £260m; then Guardian Media Group , who had acquired Automart in 1982, merged that business with Hurst ...
Private companies limited by guarantee of the United Kingdom (2 C, 46 P) Pages in category "Privately held companies of the United Kingdom" The following 169 pages are in this category, out of 169 total.
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.