Tusker Cars
Tusker
- Type of business: Private
- Founded: 2000
- Headquarters: Watford, United Kingdom
- Area Served: UK
- CEO: Paul Gilshan
- Industry: Automotive
- URL: tuskercars.com
- Current Status: Active
Tusker is a national company operating in the United Kingdom, specialised in fleet management. It was founded in 1999 with products that include contract hire and salary sacrifice cars [1]. All of Tusker’s approximately 250 employees work from the head office, based in Watford, Hertfordshire, a county in the UK.
Tusker is owned by Lloyds Banking Group after it was acquired in 2023 from private equity firm ECI Partners [2].
History
2000 - 2010
Tusker was founded in the UK in 1999, receiving financial backing from investor Smedvig Capital, a London-based venture capital firm [3].
In 2009, Tusker acquired its first salary sacrifice car scheme customer, multinational law firm, Freshfields Bruckhaus Deringer, who offered the scheme to its 1,800 employees [4].
2010 - 2020
In 2010, Tusker was awarded as sole provider of the NOE CPC Framework, a collaborative procurement framework for public sector organisations [5].
In 2013, Tusker appointed Carbon Footprint Limited as their carbon offsetting partner to offset tailpipe emissions for their vehicles [6].
In 2015, ECI Partners, a venture capital firm, acquired Tusker, which was generating more than £100m in revenue, from Smedvig Capital [7].
In 2018 Paul Gilshan was appointed as CEO of the company. Previous CEO, David Hosking, moved into a newly created role of Deputy Chairman [8]. During 2018, Tusker joined a movement [9], created within the UK leasing industry to lobby the UK Government against a HMRC tax change, asking them to introduce grandfathering (exemption from a new law) for drivers that took out salary sacrifice deals from April 2017 [10].
In 2019, Tusker was placed on the Salary Sacrifice Cars and Associated Services Framework, developed by Leicester City Council [11]. Through the framework, it allowed public sector bodies to directly access salary sacrifice vehicles in full compliance with the Public Contract Regulations, 2015 [12].
In 2020, Tusker partnered with Reward Gateway, a global employee engagement company, to offer salary sacrifice car schemes to their customer base [13].
2021 – Present
In 2022, Tusker became a net positive contributor to the environment [14].
In 2023, Lloyds Banking Group acquired Tusker from private equity firm ECI Partners [15].
Notable Partnerships
References
- ↑ "Tuskerdirect Limited". Companies House. Retrieved 3 July 2023.
- ↑ "Lloyds Banking Group buys leaseco Tusker for £300m". Fleet Europe. 23 February 2023. Retrieved 3 July 2023.
- ↑ Manning, Jonathon (1 August 2009). "Freshfields Bruckhaus Deringer adds salary sacrifice car arrangement to flexible benefits". Employee Benefits. Retrieved 3 July 2023.
- ↑ Sullivan, Nichola (1 August 2009). "Freshfields Bruckhaus Deringer adds salary sacrifice car arrangement to flexible benefits". Employee Benefits. Retrieved 3 July 2023.
- ↑ Roberts, Gareth (10 May 2011). "Queen Elizabeth Hospital selects NHS CPC Drive salary sacrifice". Fleet News. Retrieved 3 July 2023.
- ↑ Middleton, Natile. "Tusker to help fleets cut CO2 under new green initiatives". Fleet World. Retrieved 3 July 2023.
- ↑ Manning, Jonathon (1 August 2009). "Freshfields Bruckhaus Deringer adds salary sacrifice car arrangement to flexible benefits". Employee Benefits. Retrieved 3 July 2023.
- ↑ Middleton, Natile. "Tusker names new CEO". Fleet World. Retrieved 3 July 2023.
- ↑ Roberts, Gareth (19 November 2018). "Government accused of U-turn on salary sacrifice cars". Fleet News. Retrieved 3 July 2023.
- ↑ Seymour, Tom (29 August 2018). "Changes to salary sacrifice could increase cost of cars". Fleet News. Retrieved 3 July 2023.
- ↑ Middleton, Natile. "Tusker named as sole supplier on new salary sacrifice framework". Fleet World. Retrieved 3 July 2023.
- ↑ Roberts, Gareth (12 February 2019). "Tusker joins nationwide procurement framework as sole supplier". Fleet News. Retrieved 3 July 2023.
- ↑ "Reward Gateway Announces Salary Sacrifice Partnership with Tusker". Employee Benefits. 26 November 2020. Retrieved 3 July 2023.
- ↑ Middleton, Natile. "Tusker now net positive contributor to environment after 11 years of carbon neutrality". EV Fleet World. Retrieved 3 July 2023.
- ↑ "Lloyds Banking Group buys leaseco Tusker for £300m". Fleet Europe. 23 February 2023. Retrieved 3 July 2023.
- ↑ de Prez, Matt (20 May 2022). "Tusker integrates Zap-Map into website". Fleet News. Retrieved 3 July 2023.
- ↑ Roberts, Gareth (22 July 2022). "Tusker extends incident management contract with FMG". Fleet News. Retrieved 3 July 2023.
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