Matthew Ord
Manchester-headquartered Palatine Private Equity has exited its investment in a £40m-turnover driver risk management and road safety training provider by selling its shareholding to the management team.
TTC Group provides a range of driver risk management, compliance and training services for corporate clients, including major vehicle leasing providers and fleet operators.
Through the acquisitions of both Business Driver in May 2019 and Licence Bureau in March 2020, the company s corporate division has grown from a handful of clients to working with more than 2,800 businesses across the UK.
It has also developed a proprietary technology platform, TTC Continuum.
Since investing in the Telford-headquartered company in July 2017, Palatine has overseen revenue growth from £27m to more than £40m through a major digitalisation programme and successful buy-and-build strategy.
AFP announces new board member and committee appointments
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Click the thumbs up >A range of new appointments have been made across the committee structure of the Association of Fleet Professionals (AFP).
Lorna McAtear (pictured), fleet manager at the National Grid, has joined the AFP board. She has a longstanding career in the fleet sector including holding roles at E.ON and Royal Mail.
Malcolm Maycock of the Licence Bureau and Steve Roper of the Prudential have been added to the Risk, Compliance and Health Committee.
Matt Dale of ALD and Debbie Fox of epyx are now part of the Future Mobility Steering Committee, while Alex Hull of Zenith and Natasha Patel of Baringa have joined the Future Roads Committee.
Click the thumbs up >Business driving has more than halved in the past decade creating an increase in grey fleet activity, according to Licence Bureau, part of TTC Group.
Figures from the Department for Transport (DfT) show that annual business mileage reduced by more than 50% from 2009 – 2019, while the proportion of company cars on the road also halved during the same period.
Licence Bureau believes the decline, which is evident in the DfT’s National Travel Survey, is likely to have been exacerbated by the Covid-19 pandemic and the changes in work behaviours and patterns.
Just 8% of people in the UK see buses, trains and trams as their primary means of transport, compared with 21% before the pandemic.
Click the thumbs up >Covid-19 will have a lasting impact on fleet policies, procedures and practices, creating a very different environment for fleet compliance, according to Licence Bureau.
A long-term desire to work from home is evident in a new Department for Transport (DfT) report. The
All Change Tracker report suggested low levels of interest for previous commuting routines.
The study, from the Capgemini Research Institute, showed a huge shift in attitude away from travelling by public transport and car share.
Steve Pinchen, sales director of Licence Bureau, said: “Without doubt, these past 12 months will have a significant long-term impact on business driving across policies, procedures and practices.”
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