Potential Vehicle Hire the vehicle hire subsidiary of Potential Finance Group has grown its fleet to over 1000 units.

This is a significant milestone for the company and confirms the outstanding opportunity for
further development in the short term commercial vehicle rental marketplace. Flexible vehicle rental continues to be the product of choice for businesses who prefer to fund their vehicles using an off
balance sheet solution and who do not wish to tie up working capital by paying cash for vehicles.

Potential Vehicle Hire Ltd will focus on the fast growing flexible vehicle rental marketplace.

The business is based in Avonmouth, Bristol and aims to build a fleet of over 1000 vehicles over its first 18 months of trading. The UK vehicle hire market is growing at around 4% per annum and PVH will concentrate mainly on opportunities within the light commercial vehicle sector where many companies are now choosing to hire their vehicles on a short term basis rather than make longer term
contract hire commitments.