Profit Track 100

Reflex hires out light commercial vehicles to corporate customers from its headquarters in Leicestershire. It has a fleet of 5,500 vehicles and offers flexible rental packages that include location and driver-behaviour monitoring, GPS mapping and video footage. The firm has launched a coronavirus continuity programme to make sure clients delivering vital services have the vehicles they need, while businesses ordered to shut can quickly wind down their fleets. Managing director Oliver Waring, 48, led a 2015 buyout backed by BGF, which invested £7.5m for a 29% stake. Sales of its used vehicles helped profits hit £3.9m in 2018.

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Company details
Year2020
Rank39
CompanyReflex
ActivityVehicle hire provider
LocationLoughborough
Annual profit growth63.75%
Latest profits £000s3,920
Latest sales £000s31,399
Staff76
Founded2011
Websitewww.reflexvans.com

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* supplied by company † annualised figure