FLEETLEASE has increased the size of its fleet by 32% in the past year. The contract hire group now has 24,000 vehicles as part of its funded fleet.

The group's managed vehicles increased by 22% and now total 8,000 units. Pre-tax profits also rose, up 10.6% to £4.7 million with new business levels increasing by 40% to £145 million.

Simon Oliphant, managing director, said: 'We are particularly pleased that profit, before disposals, increased by 28% on last year, reflecting a very robust trading performance.'