JCT600 Vehicle Leasing Solutions – the Four Ts reap rewards

The past 18 months have been a successful period for JCT600 Vehicle Leasing Solutions. It has seen its risk fleet size grow, its customer base expand by almost 20%, a 100% client retention rate for the second consecutive year and an increasing number of fleets move to sole supply. JCT600 VLS has also launched its £500,000 Origo customer platform, delivering multiple schemes or policies on a single system.

Its progress has been recognised by being named leasing company of the year (up to 20,000 vehicles) in this year’s Fleet News Awards.

Last year’s FN50 research showed JCT600 VLS had a risk fleet of 5,922 cars and vans, an increase of around 4% on the previous year.

And 2021’s research – due to be published next month – will show another increase, says Ben Creswick, managing director of JCT600 VLS.

This is due to a number of factors, but primarily the JCT600 VLS team, he adds.

“I sometimes talk about the four Ts – tech, team, trust and togetherness,” says Creswick.

“In this space you are up against big, bank-owned and private equity-owned leasing companies, so to even exist you have to have the best tech, you have to have data security, you have to have all the things they have, because otherwise you’d never get through a tender exercise.