Close Brothers Asset Finance powers eco-friendly fleet expansion
In 2022, Fin Mile Logistics Ltd was founded with the aim of revolutionising urban delivery services while prioritising environmental sustainability.?
Fin Mile is committed to offering carbon zero deliveries, with their entire fleet comprising of zero-emission vehicles.
A growing fleet
Since their inception, Fin Mile has gone from strength to strength with a consistent number of delivery contracts. Due to this, the business needed to expand their fleet of zero-emissions vehicles by purchasing several Ford E-Transit vans and EAV cargo bikes.
To fund this fleet expansion, the business approached Kingsley Smith, Sales Manager for Close Brothers Asset Finance’s National Accounts team.
The perfect solution
Kingsley worked with the team at Fin Mile to understand the business, its goals for growth and plans for the future. Kingsley suggested that the best product for the business would be a Hire Purchase agreement.
By using Hire Purchase , Fin Mile could spread the cost of the fleet expansion into manageable instalments to suit their cash flow.
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Result
As a result of the new finance agreements, Fin Mile has been able to acquire the new electric vehicles for their fleet. This has helped them meet the demand of their growing number of delivery contracts.
Kingsley commented: “It’s been a pleasure to work with Fin Mile to expand their eco-friendly delivery fleet. I’m very happy to be a part of their growth story and I look forward to seeing the business go from strength to strength in the future.”
“Kingsley and the team at Close Brothers Asset Finance have been exceptional throughout our entire working relationship with them. We’re very happy with the outcome of our current agreements, as they have allowed us to continue to expand our delivery fleet, furthering our commitment to offering carbon zero deliveries. I would look to work with Close Brothers Asset Finance again in the future.” - Fin Mile Logistics Ltd
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