London estate agency Stirling Ackroyd is saving £60,000 a year on its fleet costs with the help of Holman’s flexible finance lease service.

Stirling Ackroyd is benefiting from annual savings on its fleet operation of more than £60,000

The business has more than 30 branches across London and the South East and runs a 120-strong company car fleet. It’s been a Holman customer for six years, using its strategic fleet funding services and solutions to optimise its fleet operations and maintenance support to reduce downtime.

Stirling Ackroyd was using a previous contract hire finance solution but switched to flexible finance lease due to the increased flexibility and the ability to avoid unnecessary fleet costs such as end-of-contract charges and early termination fees.

Thanks to the switch, the company is benefiting from annual savings on its fleet operation of more than £60,000.

It’s also gained more autonomy around decision-making and greater control over the management of the fleet, using local vendors where appropriate.

Mark Robbins, strategic account manager at Holman, explained: “Not only has the transition to our innovative Buy, Drive, Service, Sell model significantly benefited the business from a savings and profitability perspective, but it has also improved Stirling Ackroyd’s EBITDA position. In addition, the insight generated allows greater visibility of the fleet and drivers.

“Our innovative approach to fleet funding and management has helped alleviate some of the operational pinch-points Stirling Ackroyd had been experiencing.”

Julian Irby, chief financial officer at Stirling Ackroyd, said its relationship with Holman had developed significantly over the years.

“They listen to our concerns and needs as a business and continue to adapt and flex, providing solutions and services that can accommodate our needs, make our fleet operation as efficient as possible and save us money along the way.

“We look forward to continuing to work with them as we embark on this next growth stage.”