Van Fleet Finance for a Nationwide Facilities Management Company
£680,000 · 4 years · Fixed monthly rental. A facilities management company expanding into a new regional contract needed 28 additional service vans - a mix of panel vans and Luton box vans - fitted out with specific shelving and equipment.
The Client
Facilities management company winning a new regional contract
The Challenge
A facilities management company expanding into a new regional contract needed 28 additional service vans - a mix of panel vans and Luton box vans - fitted out with specific shelving and equipment. Contract hire was preferred over ownership as it provided fixed costs, included maintenance, and removed residual value risk from the business's balance sheet.
Our Solution
Doulton arranged contract hire for all 28 vans through a fleet funder, including the bespoke fit-out as part of the funded cost. Maintenance packages were incorporated into the monthly rental. The four-year term aligned with the facilities management contract duration. A single contract hire agreement covered the full fleet.
The Outcome
28 vans delivered, fitted out, and in service within six weeks. The new regional contract launched on schedule. Fixed monthly cost per vehicle provided certainty for contract pricing. End-of-contract, residual value risk remained with the funder. Key highlights: Bespoke fit-out funded within contract hire - single monthly cost; Maintenance included - fixed cost certainty for contract pricing; Residual value risk removed from business balance sheet.