|Chris Chidley, Chief Executive Officer|
“We’ve made history this week – a fantastic achievement,” says Chris Chidley, Driver Hire’s Chief Executive Officer. “Our success is being driven by a number of factors. There’s increasing confidence in the economy generally. As the vast majority of goods travel by road, whether it’s industrial or retail, there’s clearly increasing demand for drivers. And of course, the fact that we’re at the peak of the holiday season makes it easy to see why there is such massive demand for our services.”
As well as success in its core business, Driver Hire’s other businesses are also creating records – and adding further income for franchisees. Driver Hire Training is benefiting from the September deadline for Driver CPC training which affects goods vehicle drivers who acquired their licence pre-2009. As a result the majority of trainers at Driver Hire offices are xceptionally busy, ensuring that drivers – both customers and their own – complete the required 35 hours of vocational training. During July the network trained over 5,700 drivers and early indications are that August will be even busier.
The company’s e-services online offering is also adding significant levels of income. In particular, its most recently launched service, dh Licence Check, an online driving licence checking system, is proving to be extremely popular with customers. In less than six months since its launch, dh Licence Check is producing a revenue run rate of £300k. Driver Hire is predicting that this will have increased to £500k by the financial year-end.
Driver Hire’s record week comes off the back of a flying start to the new financial year for the company. “Our strong performance is based on much more than seasonal factors. Our brand has a great reputation both within the road transport industry and franchising. These are exciting times for our franchisees who are achieving record levels of profitability,” Chris continues. “Even before our record week we were 25% up on same time last year. A quarter of the network has achieved turnover that is up by 50% or more; just short of a third of offices are up by 25% or more. All of which explains why, during July we had over 100 enquiries from investors looking to buy into our highly successful business model.”