The Lex Autolease integration is “progressing well”, although it is refusing to put a timescale on completion, chasing the “utopia” of customers not being aware of the movement bringing together the top and third-largest leasing firms in the UK.

“We’re working at a sensible pace, ensuring all we do is taking into account the customers,” said regional sales director Andrew Kirby.

The firm has admitted there will be a reduction in volume this year, but said it’s as a result of dropping less profitable business rather than thinning out thanks to the amalgamation.

“The reality is that all financial institutions during more challenging periods are looking at their overall portfolio and where they’ve got less capital to lend, prioritise based on long-term relationships and the most profitable business,” said Kirby.

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