Fleet management firm slips into the red despite ‘significant’ revenue rise

Fleet management company Total Motion has reported a “significant” growth in sales despite Covid badly affecting the vehicle leasing industry.

In the year ending March 31, 2021, the Leicester-based business saw sales rise by 30%.

Whilst Total Motion reported a loss before tax for the year of £270,630 compared to a profit before tax in 2020 of £293,548, turnover rose from £39m to £51m primarily through online trading activities.

Total Motion director Simon Hill said: “We are very pleased with our latest financial results. Turnover has risen significantly, and this upward trajectory continued throughout 2021 and is continuing into 2022.

“The impact of Brexit on our business has been manageable, however, Covid was a different story altogether. The pandemic affected not just us, but the whole automotive industry. Lockdown saw car supply becoming a problem with delivery times extended, and this was something we acknowledged very early, and as result were able to manage customer expectations.

“Recent investment in technology, and the launch last year of our ground-breaking Customer Communications Hub, which took two years and £1m to develop, has put many miles between us and our rivals.”

Hill added: “Our focus is now on the next 12 months and beyond. Whilst the majority of our clients are UK based, and operate car and commercial vehicle fleets, we have a number that are global players, and we service them too.

“To help ensure customer service continues to exceed expectation, we have appointed a new customer service manager and grown the team by 300%.”