Buoyant used company car and van values have contributed to record operating profits at fast-growing contract hire and leasing company Ogilvie Fleet.
The company, which has operations in Chapeltown, increased operating profit for the year to the end of June from £2.5 million in 2012 to £3.7 million this year on turnover up from £104.8 million to £105.4 million.
At the same time, Ogilvie Fleet increased the number of vehicles it operates by almost 700 to 11,000.
The company says that its strong performance and significant growth in operating profit was helped by a well-managed disposal policy that capitalised on a buoyant used car and van market.
It was also aided by further investment in technology to help customers improve fleet operating efficiency and effectiveness.
Ogilvie Fleet sales and marketing director Nick Hardy said: “Fleet is going from strength to strength.
“While we have benefited from used vehicle market conditions, we have continued to win new businesses and retain existing clients due to a combination of our industry-leading products, unique online tools and best-in-class customer service.
“In a tough marketplace where customers are continually seeking increased value for money, Ogilvie Fleet has shown, through its product range and leading-edge management solutions, that it can deliver.”
Ogilvie Fleet also notched up a series of awards successes during 2013.
Its disposals team won the Fleet News Customer Service Team Award, while it became the first vehicle leasing and fleet management company to win the Fleeteye Customer Satisfaction Index Award for the third time in a row.