A FLEET management firm based in Henley has received royal recognition.
Multifleet Vehicle Management, which trades as runyourfleet, has been recognised for innovation by the prestigious King’s Award for Enterprise, marking the successful development of its online platform.
The success comes after the launch of it’s platform in 2021, which has resulted in company profits growing by more than 100 per cent in each of the last three years.
The firm now has a customer base of over 1,200 businesses across the UK, providing fleet management services for more than 32,000 vehicles.
Its customers range from accountancy firms to NHS ambulance services, and it provides everything from vans, company cars and rental services to salary sacrifice schemes.
Company revenues grew to £19 million in the last financial year, with staff numbers rising by 30 per cent to 37 since 2022.
Chief executive Steve Whitmarsh said: “We are honoured to receive the prestigious King’s Award for Enterprise for innovation in recognition of all the hard work our team has put in to developing this platform.
“The flexible architecture used to build the platform is where the true innovation rests, enabling us to develop and launch new modules and services at short notice in response to changing market and customer needs.”
Mr Whitmarsh is a co-founder and part-owner of Multifleet Vehicle Management, which was launched in 2011. Chief finance officer Simon Shiner is also a co-founder and part-owner, along with investment from Forward Group plc.
