Vehicle leasing revs up as firms aim to cut costs

(Yorkshire Post)- A YORKSHIRE vehicle leasing company is growing as it capitalises on the credit drought and the slump in consumer spending.

Kudos Vehicle Management, a contract hire and leasing firm based in Halifax, has seen a spike in demand as the poor state of the economy means small business customers shun big ticket motor purchases.

The family-run firm, set up by former semi-professional squash coach Russell Bowker more than 25 years ago, turned over £8.25m last year, up nearly 15 per cent, despite the Japanese tsunami hitting order times. Now it expects to grow by between 50 and 60 per cent over the next five years. Read more here…