PUDSEY-based Nexus Vehicle Rental, the UK’s leading tech driven business mobility provider, has announced a year of record results.
The firm is reporting growth in revenue by 43.5 per cent and an undisclosed double digit growth in profit for the fifth year in a row.
This caps a year that saw the company secure a £142million private equity investment from Phoenix Equity Partners in July after rapid growth in recent years.
It will see Nexus continue to expand and further develop its proprietary rental booking and management technology, IRIS.
Each year Nexus manages around 200,000 individual vehicles on behalf of clients including 66,000 commercial vehicles and 6,000 HGVs following a dedicated HGV rental booking platform launch in 2017.
CEO David Brennan said: “It’s no mean feat to report our fifth consecutive year of double-digit growth and we are taking advantage as businesses are increasingly switching to short and medium-term mobility solutions to combat a lack of clarity within the current economic climate."
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