Newsletter October 2016

Welcome to the Marshall Leasing newsletter, where we round up all the latest news and views and take a behind-the-scenes glimpse at the industry and key legislative movements.

Remember, you can follow Marshall Leasing on Twitter, Facebook and Linkedin, and catch up on recent developments via the Press & Blog tag of our website www.marshall-leasing.co.uk

As you will know, there have been some exciting changes in our business since we floated last year. As a group, we have seen our half-year revenue grow to around £826 million, up 30.7%. We have enjoyed the benefit of the contribution made by our recent acquisitions S. G. Smith for a full six months and Ridgeway in the month of June.

Marshall Leasing’s performance continues to be highly commended and has grown organically, so is truly like for like. I am optimistic that this year we will exceed the 2,000 units delivered threshold for the first time. Of course, we cannot predict how Brexit uncertainty will affect the residual car market and we need strong residuals to help keep leasing rentals down.

However, I spend a great deal of time visiting our clients and prospects and what I can say is that everywhere I go there seems to be a sense of optimism, excitement and confidence.

For our part we never forget that our clients have a choice and we will continue to put them at the very centre of everything we do.

Jonathan Ross
Sales & Marketing Director

Comments from Peter Cakebread, Managing Director

As many of you will be aware, HMRC have issued a consultancy paper regarding arrangements for Salary Sacrifice... [Read more]

Vivre L’Automobile!

Well October is now upon us and so the Car industry’s great and good descend on Paris for the annual International Motor Show (1st - 18th October).... [Read more]

Marshall Leasing are going back to school

The wheels on the bus go round and round, and Marshall Minibus is all set to drive the school minibus.... [Read more]

Marshall Motor Holdings PLC Explained

Marshall Motor Holding comprises two businesses that strongly support each other, Marshall Motor Group and Marshall Leasing. Marshall Motor Holdings is a top-ten UK motor dealer group. Since 2008, 86 franchises have been added and 28 non-core or loss making operations have left the portfolio. The Group operates 103 franchise dealerships representing 24 different manufacturing brands in 25 different counties across England.

It has turnover in excess of £2.1bn per annum. The motor dealer group has continued to grow both organically and through acquisitions. The group has a strong financial track record, progressing from loss-making in 2008 to the generation of £15.8m of Adjusted PBT* in 2015. This turnaround in the group’s fortunes has been attributed to the following:

A clear strategic framework for future growth
Excellent manufacturer relationships
Strong foundation for future growth having completed the reorganisation of its brand portfolio
A fully integrated motors and leasing business
Bespoke management information tool that controls working capital and the day-to-day running of the business
Strong financial track record, strong profit growth since 2008
Strong balance sheet to provide investment firepower in the business
Credible management team with a proven track record

Marshall Leasing is an integrated leasing business. The leasing business is the 26th largest leasing company in the UK (FN50 2015). The business is service led rather than price, and has been rated in the top 3 in an independent Customer Survey by Fleeteye, and has been voted Association of Car and Fleet Operator Lease Supplier of the Year, 2010 and 2013, and was highly commended in the Fleet News Awards 2016, in the Leasing Company of the year- up to 15,000 vehicle category.

Marshall Leasing operates a fleet of over 6,000 vehicles with a net book value of £62.5m and provides a range of services, including contract hire, contract purchase, fleet management, daily rental and risk management and associated services.

The close relationship between Marshall Leasing and Marshall Motor Group generates significant leasing and retailing synergies. In particular, Marshall Motor Group provides new vehicles to Marshall Leasing and the leasing business provides a pipeline of retailable vehicles to Marshall Motor Group’s used car operation.