Chief reveals flotation plans

Credit hire agency, Car Crash Line has celebrated the end of its 10th Anniversary Year by reaching a turnover of £40m.

Car Crash Line provides support to the motor insurance industry by delivering replacement vehicles to drivers who require temporary transport while waiting for their own car to be repaired.

The Dorset-based company’s fleet now exceeds 6,500 vehicles and its 16 branches across the UK handle over 4000 vehicle deliveries each month.

A major contributor to the group’s figures, the company said, is its wholly owned subsidiary Flexxilease, which utilises the group’s buying power and vehicle delivery network for vehicle distribution.

The web based company was launched in 2003 following the group’s acquisition of One Stop Car Shop Ltd.

Barrie Hobbs, Group Chief Executive of Car Crash Line Group, said: "Amongst the company's ambition is to float the Group in the last quarter of 2008 and continue our expansion into the French insurance market, which is going to plan with our first centre already fully operational in Montpellier.

"Our continued focus on quality of service and dedication to the goal of sustainable growth and outstanding customer centric service, we are well placed to continue to gain market share."