Multifleet wins multi-million deal to provide salary sacrifice cars to major building product supplier  

Multifleet Vehicle Management has won a multi-million pound deal to provide salary sacrifice company cars to staff at one of the UK’s largest building and construction product suppliers.

Stark Building Materials UK Ltd has contracted Multifleet, which trades as runyourfleet and is based in Solihull, to manage its company car policy delivering electric and plug-in hybrid vehicles.

Stark employs 6,700 staff at more than 550 builders’ merchant branches and distribution centres across the UK, with around 2,000 staff eligible for the salary sacrifice deal.

Luke Savage, the runyourfleet manager looking after the Stark account, said: “We are delighted to have entered into this partnership, helping Stark to reduce their carbon footprint and enable tax savings for eligible staff.

“Stark had previously seen more than 200 vehicles provided on the scheme.

“With salary sacrifice now more popular than ever, and by proactively marketing the scheme and working with manufacturers to find deals and cars that appeal, the hope is to grow the numbers further.”

Kevin Choules, car fleet manager at Stark, said: “We were looking for a provider who could offer a proactive partnership, with strong communication, accuracy and a smooth end-to-end process for both the business and our employees.

“We were impressed by runyourfleet’s demonstration on how it promotes and operates the salary sacrifice scheme, with accurate administration and on-schedule vehicle deliveries.

“We see this as positive for both our employees’ experience and to lessen our internal workload, and we now look forward to the first runyourfleet cars arriving.”

Steve Whitmarsh, chief executive of runyourfleet, explained how salary sacrifice schemes mean staff receive new, environmentally friendly cars in a tax efficient way, with no cost or risk to their employer.

Mr Whitmarsh said: “Staff simply choose a car, usually an electric or low emission hybrid vehicle, and pay for lease costs from their gross salary, before tax and national insurance contributions.

“This means that staff can save up to 40 per cent on the cost of their car lease because they are not paying PAYE on the money used to pay for it, often saving staff up to £330 per month.

“The lease car supplied is technically a company car, and therefore the employee will be taxed for this benefit in kind at a very low rate, currently 4 per cent for an EV.

“The scheme includes maintenance and insurance at a fixed cost for the whole lease period, so all the user needs to worry about is charging the vehicle up.”

runyourfleet, based in Solihull Business Park, is a fleet management and vehicle leasing company with a customer base of more than 1,200 businesses across the UK, providing fleet management and leasing services for 32,000-plus vehicles.

Pictured from left to right: Kevin Choules and Luke Savage