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Further expansion for Ogilvie Fleet in 2013

ogilvie fleetOgilvie Fleet is Britain’s fastest growing privately-owned contract hire and leasing company over the past decade and further expansion is expected in 2013.

Headquartered in Stirling the home of parent company Ogilvie Group, Ogilvie Fleet, which also has UK offices in Sheffield, Birmingham and Belfast, has defied the recent economic gloom to expand every year in the past decade.

New research reveals that Ogilvie Fleet increased the number of company cars and vans on its books by almost 370% over the 10 years to 2012, according to the annual ‘FN50’ analysis of the UK contract hire and leasing industry by industry publication Fleet News.

The data reveals that among this year’s 50 largest UK contract hire and leasing companies, Ogilvie Fleet – ranked 19th with 10,350 company cars and vans on its books – has expanded 369.6% over the last decade.

That means that it is the fourth fastest growing UK contract hire and leasing company over the period 2002-2012, but the most rapidly expanding among privately-owned companies. In terms of growth Ogilvie Fleet is only beaten by private equity-owned Zenith (488%) and vehicle manufacturer owned Alphabet (BMW Group) 417.3% and Volkswagen Group Leasing 397.5%.

In 2002 Ogilvie Fleet leased some 2,800 vehicles and in the intervening years has seen its fleet size increase every year, rising by 2.2% in 2012.

Unlike many of its rivals which have been in acquisition mode, Ogilvie Fleet’s expansion is due to organic growth. The ‘FN50’ analysis further reveals that the company’s rivals occupying places 17 and 18 in the chart, according to fleet size, have each experienced fleet shrinkage in the past 12 months.

Ogilvie Fleet sales and Marketing Director Nick Hardy said: “Eight out of 20 of the UK’s largest contract hire and leasing companies saw their fleet size reduce in 2012. Although we experienced modest growth of 2.2% this year, we are well placed to increase our fleet size in 2013.”

The last 18 months has marked a period of significant online investment in sophisticated fleet management solutions to ease the administration burden for fleet managers.

Additionally, Ogilvie Fleet is in the process of expanding its Northern Ireland operation and has seen its further investment in customer service solutions recognised with major industry awards during 2012.

Ogilvie Fleet won the 2012 FN50 Customer Service Award ranking it number one among its 49 closest rivals by fleet size, according to the publication. This year the company also won the 2012 Best Customer Service Award at the annual Fleet News Awards, which are known as the industry Oscars; and was voted by fleet decision-makers the UK’s top vehicle leasing and fleet management company for service in the Experteye Fleeteye CSI (customer satisfaction index) Award so winning the 2012 award based on 2011 research having also won the award the previous year.

Mr Hardy said: “We are at the forefront of creating leading edge solutions that meet and exceed customers’ expectations, as evidenced by the introduction of our unique online portal, MiFleet Showroom, that gives fleet managers secure access to live fleet operations.”

Twelve months ago the Group negotiated a new funding stream with Barclays Corporate to help its fleet division – as well as the rest of the company – to further expand.

Ogilvie Fleet invested around £750,000 in state-of-the-art IT solutions, including MiFleet Showroom, and Mr Hardy said: “We have a notable record of achieving year-on-year growth every year thus overcoming the economic challenges that we have witnessed since the 2008 recession.

“Successful companies such as Ogilvie Fleet continue to invest despite the economic outlook and we believe that we are now well positioned to further expand with an aspiration for a fleet size of around 12,000 vehicles through organic growth over the next two to three years.”

For more information: www.ogilvie-fleet.co.uk