Glasgow-based finance broker First Vehicle Leasing has achieved record growth after developing its website.
Having funded £50 million of cars and vans last year and posting a gross profit of £1.8 million (double that of 2012) on the back of 2,500 vehicle sales, the firm now finds itself in pole position to fund £60 million of vehicles and post a gross profit of £2.5 million on the back of 3,000 sales in 2014.
Andy Watson (pictured), business development manager of First Vehicle Leasing, attributes the record growth figures on the strategic decision to take the firm’s website in-house.
He said: “When we started the business 15 years ago, things motored along fine until the credit crunch hit us in 2008.”
“After a period of consolidation, we decided to invest heavily in our website and slowly managed to rebuild the business.
“In 2009, our gross profit was £350,000 but, by 2012, when we assumed direct control of our SEO - Search Engine Optimisation - requirements, it was £917,000 – and so far this year growth has accelerated month on month with no sign of the brakes being put on.”
First Vehicle Leasing says it is committed to creating the best car leasing solutions and the best service experience for its business and private customers.
A leasing broker member of BVRLA, a franchisee of Network and an authorised associate of Lex and Arval, First Vehicle Leasing has instant access to 12 different finance company quotation systems.
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