Zenith Vehicles

“We’re always looking for ways to improve and evolve our offering in line with customer needs. It’s in our culture, and it’s what has always set us apart from our competition.” 💭   It’s been a great year for the Corporate and Consumer division, with highlights including:   📊 More than 51,000 funded fleet vehicles – an 8% year-on-year growth.   📈 1.8m rental days supplied with 80% of our rental customers having been with us for more than 10 years.   ✔️ Truly reshaped and restructured our customer service model, which is positively reflected through our customer service feedback channels and our market-leading Trustpilot scores.   🤝 Extended our white label relationship with Santander Consumer (UK) plc for at least a further three years.   🏦 Secured a partnership with a major high street bank as part of its transition to net zero to provide its customers with a bespoke platform to lease EVs.   Learn more with Ian Hughes, CEO of Zenith’s Corporate and Consumer division, as he reflects on the past year, and discusses the year ahead.    Watch the full interview here https://lnkd.in/d63ie6JH   You can also check out the Zenith Annual Report 2024 here https://lnkd.in/dvEqveH7

Today we’re delighted to publish our Annual Results for FY24.   🚗 Fleet headlines 🚛 The total fleet was up 1% YoY to 170k vehicles. The overall funded fleet grew 2% YoY to 77k vehicles. The funded fleet in our Corporate division grew 8%, driven by growth in our company-sponsored schemes, particularly salary sacrifice.   💹 Financial headlines 📈 Turnover: £788.4m up 16.1% YoY Adjusted gross profit: £134.4m* down 8.5% YoY Adjusted EBITDA: £62.1m* down 21.8% YoY   To access the full report, click here 👉 https://lnkd.in/efisd_FG *Excluding the adjustment relating to the reassessment of residual values on the funded fleet and exceptional items   Tim Buchan, Zenith chief executive officer, said: “This has been an exceptionally challenging year for the automotive sector, with much uncertainty about the ban on ICE vehicles, including the five-year delay to the 2030 deadline.   "Given the external environment, I’m very proud of what the Zenith team have achieved. We have continued to diversify our business by developing new propositions to reach new markets, while remaining focused on delivering brilliant customer outcomes and creating a thriving workplace for all our colleagues.   “Thank you to our colleagues, customers and partners for their ongoing support and confidence in Zenith.”

Thank you, Women at Zenith! 🙋♀️ It's fantastic to see women and men alike create a united space for conversation in the Women at Zenith network, giving colleagues the opportunity to communicate, share knowledge, and promote the growth of female voices in the industry and workplace. Interested in what Women at Zenith has to offer? DM us to find out how you can join the discussion. 💬 Olivia Mills

Learning is a two-way street, and it's one that we're navigating to this very day. 👩🏫 We gave a warm Zenith welcome to the latest cohort of work experience students as they joined us for a week of personal development, first-hand insight into the automotive industry, and discovering what makes our unique culture tick. 🧠 As industry pioneers we never stop learning, therefore it's vital that we share our knowledge with the next generation of leaders - we definitely picked up a few tips and tricks from them along the way! 💭 Rachel Cracknell

We’re proud to be working with Briggs Equipment, one of the UK’s leading suppliers of materials handling equipment. As part of a five-year contract, we will provide full vehicle leasing across Briggs Equipment UK Ltd’s 1,050-strong vehicle fleet, which includes light commercial vehicles and passenger vehicles. We were awarded the contract due to our enhanced and bespoke LCV operating model, which has been designed around Briggs Equipment’s requirements, and will see a number of the current LCVs replaced to ensure the fleet is efficient as possible. We’re also rolling out a refreshed company car scheme, solely focused on low-emission vehicles. To read more, visit: https://lnkd.in/e9UZ8vbJ Andy Wolff Jonathan Dudley

Our team of mobile technicians provide mobile servicing solutions to our customers across the UK. 🛠 Their vans have everything they need to undertake defect resolution and vehicle servicing, all on-site, removing the need for collection and delivery, reducing downtime and lowering our customers’ fleet miles. It’s just one of the ways the Commercial team at Zenith is providing innovative solutions to help our customers and the planet. 🤝

We’re excited to welcome Tom Brewer, who joins Zenith as our new Commercial Director - Rental. Tom has more than 23 years’ experience in the automotive sector, and will lead our national rental offering, which last year supplied over 1.7m rental days across 600 corporate customers. You can read more about Tom’s appointment here 👉 https://lnkd.in/eNCr_FqQ

Company car or cash allowance? We want to know what you prefer when it comes to work perks. Take the poll and share your thoughts 👇

Each year many people across the UK become eligible for valuable work benefits such as company cars and cash allowances, giving them the opportunity to save thousands a year on vehicle costs 🚗 As vehicles become more readily available and purse strings tighten, we're asking our customers what perks they prefer and why. Do you have a company car or do you take a cash allowance❓ Post in the comments and share your thoughts on which benefit is best for you, would you ever change your mind, and why. 💬

Our next Automotive Woman Who Inspires Me is Susan Monk. “Susan has a wealth of knowledge and experience. She handles difficult conversations, with the ability to keep composed and professional, which is an inspiration to me and something I’m working towards. “She’s also been a huge help to me as a mentor and coach, helping me with my career and pushing me to want more. She is always encouraging and supportive of my progression, and has helped me to build confidence in my abilities, which gives me belief in what I’m capable of.” Congratulations, Susan! #WhoInspiresYou?