Profit Track 100

This Lancashire firm provides rental and fleet management services, primarily to the waste and recycling sector, and owns 9% of the UK’s refuse vehicles. It manages 5,000 trucks and has a network of 15 maintenance centres and two body shops. A series of acquisitions under co-founder and chairman Sid Sadique, 55, has enabled it to provide a one-stop-shop service that has won local authority and corporate customers, such as Wiltshire County Council and Travis Perkins. Sales and profits dipped 5% to £86.3m and £6.3m respectively in 2018 as one large customer, Palmer and Harvey, went into administration. However, the group forecasts profit of £9.1m in 2019, benefiting from increased demand for electric commercial vehicles. Its sister business, Electra, has orders for 30 trucks and orders to be confirmed for 70 more in the next two years.

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
Year2019
CompanyNRG Fleet Services
ActivityTruck fleet management
LocationSkelmersdale
Profits £0006,277
Sales £00086,312
Staff411
Founded1996
Websitewww.nrgfleet.com