JCT600 Vehicle Leasing Solutions (VLS) has developed a strategic plan for long-standing customer, Symphony, to move its fleet to fully electric in a bid to support the manufacturer’s sustainability strategy. The new proposal follows a detailed fleet review for Symphony, one of the UK’s largest privately-owned manufacturers of fitted kitchen and bedroom furniture.
The relationship between JCT600 VLS and Symphony spans more than two decades, with the leasing provider funding and managing Symphony’s 320 vehicle fleet, comprising both cars and light commercial vehicles (LCVs), which includes more than 250 plug-in hybrid electric vehicles (PHEVs).
As part of the ongoing partnership, JCT600 VLS conducted a comprehensive analysis of Symphony’s entire fleet operation, examining usage patterns, vehicle specifications, contract structures, and future regulatory changes. A central recommendation was transitioning the fleet from PHEV to battery electric vehicles (BEV) ahead of the 2029 benefit-in-kind tax changes, optimising vehicle choice lists within each tier, extending contract terms from three to four years, and realigning contract mileage allowances to match actual usage patterns.
The transition from PHEV to BEV technology is expected to lower annual fuel costs significantly, whilst also protecting Symphony from future increases in Class 1 National Insurance costs, when benefit-in-kind percentages rise to 18% from 2028.
John Dunsford, Financial Director at Symphony, said: “JCT600 VLS has been a trusted fleet partner to Symphony for over two decades. Their consultative approach and understanding of our business have helped us design a new company car fleet that is aligned with our sustainability goals. The full fleet review and strategic recommendations demonstrated once again VLS’ continual dedication to consultation, clear communication, and in-depth understanding of our business.”
Symphony recently renewed its partnership with JCT600 VLS, extending their long-term contract to continue managing the company’s fleet. The renewed contract ensures Symphony will continue to benefit from JCT600 VLS’ dedicated account management, strategic consultancy, and expertise in fleet optimisation as the business continues to grow.
Ben Creswick, Managing Director at JCT600 VLS, said: “Our relationship with Symphony shows the value of a truly collaborative fleet partnership built over two decades of trust and shared success. In today’s challenging economic climate, where uncertainty is placing unprecedented pressure on operational costs, we’re committed to working alongside our customers to find innovative solutions that protect their bottom line. This was about taking a strategic approach to fleet transformation that makes sound business sense and is fit for the future. “We’re continually looking for ways to meet our customers’ objectives and we’re delighted that Symphony has renewed their commitment to our partnership, and we look forward to continuing to support their business for many years to come