Boosted by growth in both the SME and mid-corporate sectors of the market, the vehicle funding and fleet management specialist had a record fleet size of 18,209 vehicles under management for business customers by the end of last year.

The company also reported a fourth successive record operating profit performance with a growth of 58% over 2013. And to cope with its continued expansion, Fleet Alliance moved to new state-of-the-art offices in Glasgow Skypark, near the city centre, during the year.

Having invested in the corporate sector last year, including the creation of a new corporate sales director’s role, the company intends to further develop its presence this year in the mid-corporate sector for fleets operating 150-plus vehicles with a host of new products and solutions.

Fleet Alliance managing director Martin Brown said: ‘Following an outstanding year in 2013, we can now report another record for 2014 with a new record fleet size of more than 18,000 vehicles.

‘Our continued growth has come from both the SME sector where more small companies have been encouraged to invest and expand, and from the mid-sized corporate sector where we have seen a string of new business wins.

‘We are forecasting another strong year again this year based on a variety of positive economic indicators, including record-low interest rates and inflation and a very strong air of business confidence,’ he added.