Drive Assist

This Staffordshire company manages a fleet of 17,000 cars, which accident victims drive while their cars are being repaired. Clients include insurance companies, intermediaries and accident repair centres. The company also has its own Nottingham-based car supermarket, which sells former Drive Assist vehicles. Last year founder Steve Binch led a secondary buyout, backed by Charterhouse, which valued the company at £250m. Profits have soared 50% a year, from £10m in 2004 to £33.6m in 2007.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyDrive Assist
ActivityCar lessor
Annual profit growth49.69%
Latest profits £000s33,628
Latest sales £000s100,207

If applicable:

* supplied by company † annualised figure