A fleet management company in Wiltshire has expanded into bigger premises
Fleet Service GB, which provides a range of driver and vehicle management services, has acquired three business units totalling 9,000 sq ft in the village of Notton, near Lacock.
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The new premises will provide the firm, which employs about 40 people, with double the amount of operating space when it relocates from its current base in Corsham.
The company said it had seen “rapid growth”, driven by its vehicle performance and management software, which is designed to help clients manage operating costs and improve safety by providing real-time data.
Fleet Service GB currently manages 18,000 vehicles and drivers for a range of organisations including leading housing associations and providers of transport services to the NHS.
The company acquired its new premises for an undisclosed sum through the share purchase of SDLS Property Ltd, which owns the site.
Jeremy Jarvis, finance director at Fleet Service GB, said: “We now have the premises we need to grow as we develop further our range of services to support and train fleet drivers.”
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Legal and financial planning firm Mogers Drewett advised Fleet Service GB on the deal, while Barclays Corporate Banking partially funded the share purchase. Mogers Drewett acted for Barclays as well, advising on its loan against the property. Bath-based accountants and tax advisers Richardson Swift also advised Fleet Service GB.
Tom Webb, head of Mogers Drewett’s corporate and commercial team, said: “Fleet Service GB are a real local success story and it’s been a pleasure to work with them.
“At a time when many businesses are struggling with rising costs, Fleet Service GB are helping their clients reduce their fleet operating costs and improve driver safety and wellbeing. We wish them every success as they embark on the next exciting phase of growth in their new HQ.”