Last year saw the firm’s funded fleet increase to over 317,000 vehicles, a year-on-year rise of 20,000 vehicles. Total customer assets grew 13% to £3.8bn. 

Lex Autolease said the growth has been supported by investment in new products and initiatives to improve service flexibility for customers. The business has also extended capabilities in the commercial vehicle sector which has been positively received by its large corporate customers. 

 Tim Porter, managing director of Lex Autolease, said: “Our focus continues to be on delivering market leading customer satisfaction for our all customers. We have set ourselves demanding growth targets over five years to 2017 and this year’s results confirm we are well on our way to meet these. Continued support and innovation for SME customers is a key part of this and we will also be investing further in our digital capability in 2016.”