Commercial vehicle firm relocates to continue growth

A Shropshire commercial vehicle firm has relocated to new premises in order to secure growth.

Indelease, which has moved to ew premises in Telford, provides a range of acquisition services for commercial vehicles. The company has more than doubled in size in just two years.

Director Oliver Smith said the switch to new offices, combined with the appointment of additional key staff, would create a strong platform for continued expansion at the firm, which supplies contract hire services, asset finance and fleet management for commercial vehicles.

He added: “We’ve grown tremendously over the last two years – both in terms of the volume of business written and in physical size.

“We’re building a strong reputation as trusted partners within the industry and demand for our services has never been stronger.

“Now we want to build on that momentum and the new headquarters will give us the perfect platform from which to do that.”

He said the move demonstrated the firm’s commitment to the future of the business and ensures it would have the capacity for further growth.

The Central Park offices – three times the size of the company’s former base in Shrewsbury – were formally opened by the Mayor of Telford, Cllr Rae Evans.

The relocation coincides with the arrival of John Stokoe and Nick Dudley to the business.

Mr Stokoe, who has 40 years in the truck and trailer finance industry, will cover the whole of the West Country and South Wales. Formerly with DAF Finance, he joins Indelease from Cargobull Finance – part of the DLL Group.

Mr Dudley, who has been in asset finance for 28 years, is based in Reading and will operate across the rest of the south.

A former business centre manager for Bank of Scotland Asset Finance, he went on to hold various roles including running the Vendor Team at ING Lease before becoming business development director at GE Capital Equipment Finance.

Mr Smmith said: “The funding aspect of our business is very busy at the moment and the appointment of two people with such experience can only help us to become even stronger.

“Each has many great contacts in the business and I’m confident their input will prove invaluable to us as well as improving our capacity in a logistical sense.

“Indelease has already grown almost beyond recognition, but we’re being careful to retain the attributes that set us apart.”