Strong performance at vehicle rental and leasing business as profits climb
Leeds-based fleet solutions firm, Global Autocare, has hailed a robust level of business and a strong year-end position in its results for the year ended 28 February 2026.
It achieved profit before tax for the year of £17.4m (2025: £12.1m) and revenues of £78.2m (2025: £71.8m).
Global Autocare bought out private equity investor LDC, in a deal which returned full control of the business to its shareholders. The transaction ended a six-year partnership with LDC, which took a significant minority stake in the company in December 2019 to back its national growth ambitions.
The company’s report explained: “Both the level of business for the year and the year-end position are considered to be very satisfactory.
“Electric and Hybrid vehicles now make up over 54 per cent of our overall fleet of our overall fleet, demonstrating our commitment to the decarbonisation of mobility solutions and the achievement of net zero by 2050 in line with the Paris agreement.
“We have also invested in our vehicle charging infrastructure to ensure we have access to the latest technology to help continue this transition in the future.”
Global Autocare employed an average of 120 staff in 2026, a small increase compared to the previous year.
It noted that the UK new car market is projected to reach approximately 2.18 million units in 2026, a four per cent increase over 2025.
Driven heavily by private buyer demand and competitive manufacturer discounts, vehicle registrations are at their strongest since 2019 and are expected to rise further in 2027 to 2.25 million units.
Highlighting potential uncertainties for its operations, the company added it is exposed to risks relating to the supply of new vehicles, which can significantly impact both vehicle discount rates at acquisition and residual values at disposal.
Its report said: “Disruptions in supply can lead to volatility in used vehicle markets, affecting the profitability of the fleet, both positively and negatively.
“While the business has demonstrated resilience in managing previous challenges (such as the COVID-19 pandemic and the conflict in Ukraine), future fluctuations in supply or demand may affect vehicle pricing and could impact the company’s financial performance.”
