Property deal puts Fleet Service GB on the road to further growth

Published by

Peter Davison

Tom Webb and Jenna Allsop

Fleet management company Fleet Service GB is expanding into bigger premises with expert advice from South West legal and financial planning firm Mogers Drewett.

Corsham-based Fleet Service GB, which provides a range of innovative driver and vehicle management services, has acquired three business units totalling 9,000 sq ft in the village of Notton near Lacock.

The new premises will provide the firm, which employs about 40 people, with double the amount of operating space when it relocates from its current base in Corsham.

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The company’s rapid growth has been fuelled by the success of its custom-built driver performance and vehicle management software.

Its market leading technology provides businesses with real-time data on driver performance and vehicle maintenance, helping clients reduce their fleet operating costs and improve safety.

Fleet Service GB currently manages 18,000 vehicles and drivers for a range of organisations including leading housing associations and providers of transport services to the NHS.

The company acquired its new premises through the share purchase of SDLS Property Ltd which owns the site.

Tom Webb, head of Mogers Drewett’s corporate and commercial team (pictured left), and Jenna Allsop (right), a senior associate in the firm’s commercial property department, advised on the legal aspects of the deal. They are both based in the firm’s Bath office.

Fleet Service GB was also advised by Martin Crook, relationship director at Barclays Corporate Banking which partially funded the share purchase.

Mogers Drewett acted for Barclays as well, advising on its loan against the property. Bath-based accountants and tax advisers Richardson Swift also advised Fleet Service (GB).

Jeremy Jarvis, finance director at Fleet Service GB, working alongside Peter Hitt the company commercial director, said: “The advice we received from Mogers Drewett was excellent.

“We found them to be very responsive and clear, explaining things in plain language rather than using legal jargon. Tom and Jenna were really tenacious in their approach which ensured everyone involved operated to the same tight timescale.

“They worked very hard on our behalf to get us to the point where we could complete on the deal. We now have the premises we need to grow as we develop further our range of services to support and train fleet drivers.”

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Tom Webb of Mogers Drewett said: “Fleet Service GB are a real local success story and it’s been a pleasure to work with them.

“At a time when many businesses are struggling with rising costs, Fleet Service GB are helping their clients reduce their fleet operating costs and improve driver safety and wellbeing.

"We wish them every success as they embark on the next exciting phase of growth in their new HQ.”

Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country. An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts. Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.