BGF investment in LCV Hire Solutions

Deal typeTransaction Services

The BDO Transaction Services team has advised Business Growth Fund PLC ("BGF") on its recent £7.5million investment in flexible van hire company, LCV Hire Solutions Ltd, which trades under the Reflex brand (“Reflex”)       

 Reflex is a rapidly growing presence in the hire of light commercial vehicles. Specialising in flexible rental terms, it provides its corporate customers with national, round the clock services and also offers a range of duty of care products, marketed under the ‘Flexi’ brand, including tracking systems, cameras and driver safety products. The company currently has 3,500 vehicles in its fleet and aims to grow this to 10,000 over the next five years. The investment by BGF will support continued expansion of this fleet of light-commercial vehicles and fleet cars in conjunction with the provision of industry-leading customer service.     

“We have worked with BDO on several transactions now and continue to highly value both the technical expertise and the commercial input of their team. We would not hesitate to use them again.”

Ian Downing, BGF Investment Director