Publishing company acquires 18 Seat Ibizas
17 May 2016
Midlands-based publishing business Bullivant Media has signed a leasing agreement with Lex Autolease for 18 Seat Ibizas to support its growth ambitions across the region.
According to Bullivant, the deal will support a recruitment drive as the company aims for 10% year-on-year growth in 2016. The family-owned firm has claimed that the new vehicles will help facilitate the cost savings needed to support its proposed expansion, while adding to its employee benefits package available to staff.
The new deal will see Bullivant lease the Seats on a 24-month contract hire agreement as part of a wider support package, which includes funding from Lex's parent company, Lloyds Banking Group.
Following the deal, Bullivant Media director of finance, Ian McGahan commented: "As an ambitious company looking to expand our business across several regions, first impressions are everything. By providing our staff with brand new vehicles we can present our company in the best possible light, all the while cutting our overheads to free up cash flow for future investment."
Responding to this, Emma Atkinson, relationship manager at Lex Autolease stated: "We're seeing an increasing number of nimble, growth-orientated firms switching to leasing for a variety of reasons, one of which is ensuring an attractive employee benefits package is in place to help bring in the best talent."