Record revenues for vehicle rental firm

Pudsey-based Nexus Vehicle Rental recorded record revenues, up by 28% in the last financial year.

The business mobility provider, which set out to revolutionise the corporate vehicle rental industry, is celebrating 20 years in business and hit a turnover of £100m in 2019.

Nexus processed its one millionth booking in 2012, reaching its two millionth booking less than six years later. In 2018, Phoenix Equity Partners backed the £142m buy-out of Nexus, three times more than the company had been bought for just three years previously.

Earlier this year, Nexus also celebrated a record peak period, which saw the business facilitate 20,000 rental bookings in operation on just one day.

David Brennan, CEO of Nexus Vehicle Rental, said: “In our twentieth year, whilst we should look back on our successes and celebrate the huge achievements everyone at Nexus has helped deliver, it is also a time for us to look to the future. We have spent the last 20 years making sure that we are able to meet our customers’ ever-changing needs and we will continue to do this for the next 20 – and beyond.

“I would like to say a huge thank you. Thank you to our employees and our suppliers, for keeping the business moving, and to our customers – here’s to the next 20 years.”