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Zenith, the UK’s largest independent truck-to-car vehicle leasing and fleet management company, today announced the appointment of Richard Jones as its new Group Chief Executive Officer (CEO), subject to FCA approval.

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Navigating the road ahead, together
Annual Report 2024

Zenith is the UK’s leading independent leasing, fleet management and vehicle outsourcing provider, serving businesses and consumers. Working with all our stakeholders, we’re committed to supporting the ZEV transition and delivering positive outcomes for all.

Our operating divisions – comprising of Corporate, Consumer and Commercial – enable us to address a vast target market across a range of channels, providing us with diverse income streams.

Financials

• Turnover – £788.4m up 16.1% YoY (FY23: £679.0m)¹
• Adjusted gross profit – £134.4m² down 8.5% YoY (FY23: £147.0m)
• Adjusted EBITDA – £62.1m² down 21.8% YoY (FY23: £79.4m)

^{[1] Turnover for the year ended 31 March 2023 has been restated by £9.1m. Please see Zenith Annual Report 2024 for further details.
[2] Excluding the adjustment relating to the reassessment of residual values on the funded fleet and exceptional items.}

We’re pleased to share with you the story of our year

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