PHH has won a contract to manage Perpetual Investment Services' 56 vehicles. The Oxfordshire-based financial services company is outsourcing all aspects of fleet management with the exception of funding.

The company buys a range of new and used vehicles outright for its managers and sales reps and offers employees free user choice. All used vehicles must have no more than 15,000 miles on the clock.

Perpetual's fleet administrator Michael May said: 'PHH was awarded the contract on the strength of its consultative approach and its ability to provide every service tailored to the specific needs of our fleet size. The company understands that a smaller fleet needs just the same amount of attention as a larger one.'