Northridge Finance and Marshall Leasing’s head of strategy Greg McDowell has been promoted into the role of Marshall Leasing managing director following the retirement of Peter Cakebread.
Marshall Leasing managing director Peter Cakebread is set to retire from the former AM100 PLC operation on April 30 – ending his 30 years at the helm.
Marshall Leasing managing director Peter Cakebread has received the Freddie Aldous Outstanding Contribution Award by the British Vehicle Rental and Leasing Association (BVRLA).
Franchised car retail groups are choosing to exit the UK fleet sector as their leasing divisions attract big offers from banks and car manufacturers amid a squeeze on profits from their core retail operations.
Marshall Leasing has appointed CD Auction Group to manage its requirements for in life vehicle management of their client’s spare vehicles.
Northridge Finance has achieved a year of record growth, lending £1.1bn and increasing its funded fleet to 8,000 vehicles with Marshall Leasing.
Marshall Motor Holding has completed the disposal of its wholly-owned leasing division to Northridge Finance for a gross cash consideration of £42.5 million.
