Leasedrive VELO

Leasedrive Velo makes first appearance in The Sunday Times PwC Profit Track 100 – ranked 40th
18 April 2011

The Leasedrive Velo Group has made its first appearance in the latest The Sunday Times PricewaterhouseCoopers Profit Track 100, now in its 12th year, which ranks Britain’s 100 private companies with the fastest-growing profits over the last three years of available audited accounts. The UK’s largest independent privately-owned vehicle management group was ranked 40th. It was the only fleet management company among 19 companies based in the south east of England.

Commercial director, Roddy Graham said: “Our debut appearance in The Sunday Times PwC Profit Track 100 recognises the tremendous profitable growth of our company in a tough economic climate and highly competitive business sector.

“We have always striven to deliver the highest quality bespoke vehicle management service and demonstrably provide savings and efficiencies to our clients through investment in people, world-class fleet management systems and totally-integrated innovative solutions. Our profitable growth is indicative of our success in achieving these aims.”

“We have just completed the successful integration of Masterlease UK and will continue driving our dynamic company forward through sustainable organic growth and strategic acquisition.”

Annual profit growth for the Leasedrive Velo Group over the three years was 65 per cent. Earlier in the month, the Group won the ‘Management Team of the Year’ Award in the 2011 Thames Valley and Solent Deal Awards. It is a past triple winner of the Business Magazine Management Team of the Year Award.

The Sunday Times PricewaterhouseCoopers Profit Track 100 citation read: “Created through the merger of Leasedrive and Velo in 2007, this vehicle management firm leases a fleet of 42,000 cars and vans to blue-chip companies across Britain, and counts T-Mobile, Marks & Spencer and British Airways among its customers. It also advises clients on such issues as cars’ green credentials, health-and-safety scores, fuel efficiency and taxation. In December the company acquired a big competitor, Masterlease, in a deal with Investec, which, it says, will quadruple its size. Led by managing director David Bird, profits grew 65% a year, from £700,000 in 2006 to £3.1m in 2009.”

Notes to Editors:

Fast Track has published league tables of top-performing private companies with The Sunday Times for the past 14 years, and its invitation-only events provide an opportunity for entrepreneurs to network and meet its sponsors. The company was founded and is run by Dr Hamish Stevenson, who holds an associate fellowship at Green Templeton College, Oxford University.

www.fasttrack.co.uk

League table criteria
Companies are ranked according to the compound annual growth in their profits over three years, based on their latest available audited figures (either 2006 to 2009, or 2007 to 2010). The research therefore carries the caveat that their performance may have changed since. Profits are defined as operating profit with directors’ remuneration added back. Companies had to be registered in the UK, and be independent, unquoted and ultimate holding companies.

The research was carried out by Fast Track between 1 November 2010 and 15 March 2011. The majority of companies were interviewed by telephone and/or visited by the Fast Track research team.

The sponsors do not endorse, guarantee or recommend investment in any of the companies on the league table.

About PwC
PwC firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 161,000 people in 154 countries in firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. See pwc.co.uk for more information.

www.pwc.co.uk

About Lloyds Bank Corporate Markets
Lloyds Bank Corporate Markets, part of the Wholesale division at Lloyds Banking Group, delivers corporate banking and risk management services to businesses with over £15 million annual turnover.

It is proud to continue its association with the Profit Track 100, demonstrating its commitment to enterprise in the United Kingdom.

www.lloydsbankcorporatemarkets.com

About UBS Wealth Management
UBS Wealth Management provides a complete range of financial services in the UK. Its team has a unique blend of private banking, corporate finance and financial planning expertise which enables it to devise innovative solutions that address the big issues for UK entrepreneurs.

www.ubs.com/uk

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