Navigating the road ahead, together
Against a backdrop of continuing economic and market challenges, this past financial year has seen growth in both our Corporate and Commercial fleets and an increase in turnover.
With 35 years of experience and the right blend of people, products, services and technology, serving both business and consumer customers, Zenith remains resilient and set to deliver positive outcomes for all our stakeholders.
Our Annual Report 2024
We’re pleased to share with you the story of our year
For the best viewing experience, we recommend that you access the report on a desktop. Simply click the image below, hit full screen and then use the forward arrow to navigate your way through.
Alternatively, click this link to view our Annual Report 2024.
Group at a glance
* in our Corporate and Consumer divisions
Financials
- Turnover – £788.4m up 16.1% YoY (FY23: £679.0m)1
- Gross profit – £134.4m2 down 8.5% YoY (FY23: £147.0m)
- EBITDA – £62.1m2 down 21.8% YoY (FY23: £79.4m)
Operations
- Total fleet – total fleet size up 1% YoY to 170k vehicles
- Total funded fleet – total funded fleet size up 2% YoY to 77k vehicles
- Trustpilot scores – ZenAuto 4.8 stars / Corporate 4.0 stars
A message from our CEO, Tim Buchan
“This has been an exceptionally challenging year for the automotive sector, with much uncertainty about the ban on ICE vehicles, including the five-year delay to the 2030 deadline.
“I’m proud of the way we are responding to the challenges, finding ways to mitigate the risks and impact on our business. Extending leases within our existing Battery Electric Vehicle (BEV) fleet, launching new products to new markets and ensuring our fleet has a healthy balance of BEVs and ICE vehicles, all help to meet the needs of our customers while driving the success of our own business.
“I’d like to take this opportunity to thank the Zenith team for another successful year. They drive this business forward, ensuring we add value to everything we do. Thank you also to our customers and partners for their ongoing support and confidence in Zenith.”
Tim Buchan, Chief Executive Officer
Our award-winning culture
We were thrilled to win the Diversity and Inclusion award at the Yorkshire Post Business in Excellence Awards.
Find out more
[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
