Commercial vehicle rentals firm, RH Rentals has enjoyed a year of rapid expansion, investing £8.5m in state-of-the-art Renault Trucks and increasing its fleet by more than 200%.
RH Rentals, which is based on Lenton Lane in Nottingham, currently operates across the East Midlands and nationally, providing businesses and hauliers with the flexible option of renting or leasing a truck to avoid large capital investment.
In 2016, RH Rentals secured a large number of new contracts across the business spectrum, from owner drivers right up to nationwide hauliers. In addition, RH Rentals broke into one of the top four supermarkets, supplying an initial batch of 20 new Renault vehicles.
Robert Pick, Financial Director at RH Rentals said: “The commercial rental sector continues to be a strong market, but it is now growing faster than anticipated as more business owners recognise the benefit of the rental and contract hire model. As a result, 2016 exceeded our expectations resulting in an exciting year of expansion for RH Rentals.”
“Customers are continuing to rent from us as they receive a high level of service and an expert maintenance package which helps them reduce downtime if there is a problem and enables them to keep their vehicle on the road.
“At the start of the year, we had plans in place to invest £6.5m in trucks and staff over 12 months but due to high demand, we needed to spend an extra £2.1m. We will continue to invest at a similar level over the coming months in order to meet anticipated customer orders this year.”
With more than 30 years of experience, RH Rentals tailored services includes contract hire, fleet management, truck and trailer rental and contract maintenance, providing trucks to suit both short and long term needs.
The company is the sister company of RHCV – one of the largest commercial vehicle dealers in the East Midlands who will this year be celebrating its 40th anniversary since launching. The dealer is an authorised selling agent for Renault Trucks as well as providing parts and servicing for commercial vehicles and currently employs 70 staff at its sites on Lenton Lane in Nottingham, Cossington (near Leicester) and Alfreton (Derbyshire).