RHCV joins top 200
In its 40th anniversary year East Midlands based Renault trucks dealer, RH Commercial Vehicles, has secured a top spot as one of the top performing business in the East Midlands.
RHCV (through its holding company RH Developments) was listed as number two in the study of financial performance across the whole of the region.
Since a management buyout in 2012 RHCV has flourished with expansion across the East Midlands, developing new services to meet increased customer demand in its Nottingham and Cossington, Leicester facilities. In 2013 RHCV opened a new site in Alfreton to meet the needs of its north Nottinghamshire and Derbyshire customer base, increasing staff numbers to 90 and turnover from £12m to £21.4m in 2016.
The East Midlands Top 200 Report, now in its fifth year, is produced by the East Midlands office of financial and business advisers Grant Thornton UK LLP in partnership with the CBI. Each year, it analyses the financial performance of the 200 businesses in Derbyshire, Leicestershire, Lincolnshire and Nottinghamshire that have delivered the greatest, sustained profit growth. The report provides the region’s only in-depth study into the East Midlands’ fastest growing companies by key sector and performance indicators, delivering a barometer of overall economic performance.
Managing director, Nigel Baxter comments, ‘We’re really delighted to feature as number two across the whole of the East Midlands. The team at RHCV has worked very hard over the past few years following the acquisition from Kuehne + Nagel in 2012 with a focus on improving our customer offer, operating efficiencies and cost reduction leading to sustained increased profitability. Our growth covers all areas of the business, sales, service, parts and our highly successful contract hire and truck rental offer.’