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Fleet Hire gears up for growth with multi-million pound funding

Founded in 2001, Fleet Hire Ltd has headquarters in Solihull and Milton Keynes and operates throughout the UK. The company has a staff of 65 and a fleet of around 7,000 vehicles.

This year the company expects to achieve a turnover of around £70m and has aspirations to reach a fleet size of 15,000 within the next three years with a turnover of £100m+.

Fleet Hire has secured a multi-million funding package from Barclays in support of its strategic growth plan, which includes its salary sacrifice product.

Graham Hale, CEO of Fleet Hire Ltd, said: “This latest funding from Barclays will enable us to continue to grow the business, a key area of growth being our Car Salary Exchange offering. We have enjoyed a mutually beneficial relationship with Barclays and have worked together for the benefit of customers seeking bolt-on funding to their contract hire requirements. Barclays through good and tough UK economic trading conditions have continually supported the business having belief and confidence in the management team and our business model.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.