Tuskerdirect Ltd
| ISIN | 🆔 |
|---|---|
| Industry | Automotive |
| Founded 📆 | 2000 |
| Founder 👔 | |
| Headquarters 🏙️ | , Watford |
Area served 🗺️ | United Kingdom |
Key people | Richard Prosser (Chairman), Paul Gilshan (CEO), Laura Alexander (CFO), Clive Baker (CTO) |
| Services | Salary Sacrifice Cars, Personal Car Leasing, Company Cars, Fleet Management Services |
| Members | |
Number of employees | 170 |
| 🌐 Website | tuskerdirect.com |
| 📇 Address | |
| 📞 telephone | |
Tusker is a car benefit company based in the United Kingdom offering salary sacrifice car schemes, personal car leasing, company cars and fleet management services. The business was founded in 2000 with the aim of developing the corporate fleet lease industry online.[1] In 2008, Tusker expanded its services to include a salary sacrifice car scheme and in 2018 added a personal car leasing product to its portfolio. The company ranks 12th in the FN50 Top 50 Contract Hire and Leasing Companies in the UK.[2] The business has over 450 corporate customers, serving over 700,000 employees across the UK, and currently operates a fleet of over 18,000 vehicles.
History
Tusker was founded to supply contract hire and leasing cars through an online platform, with lead investor Smedvig Capital, a London-based venture capital firm. In 2005, Smedvig almost doubled their investment in Tusker, increasing their shareholding from 49% to 93%.[3] When the recession hit in 2008, the business shifted its focus to providing a salary sacrifice car scheme, the first of which was launched in 2008 with multinational law firm Freshfields Bruckhaus Deringer. By offering salary sacrifice schemes, corporate customers can provide their employees with a car benefit scheme. Employees offset part of their salary before taxation in exchange for a new car, including road tax, car insurance, breakdown cover, MOT, and servicing; employees are responsible for fuel costs.[4] In 2012, Tusker secured funding from Barclays to support fleet expansion.[5] In the same year, the company partnered with the Teenage Cancer Trust, continuing to support them through fundraising events like Tough Mudder and donations of Easter eggs to young patients.[6] In October 2013, Tusker launched a Carbon Offsetting Project, aiming to have a fully carbon-neutral fleet by 2017.[7] In partnership with Carbon Footprint Ltd, drivers choose a Verified Carbon Standard carbon offsetting project to compensate for CO2 emissions by funding equivalent savings elsewhere.[8] Drivers can choose from three projects: a Landfill Gas Project in Indonesia, a Wind Power Project in India, and a Hydroelectric Project in Chile. These initiatives support local communities and meet the Quality Assurance Standard for Carbon Offsetting. In 2014, Tusker offset 30,000 tons of tailpipe carbon emissions.[9] In 2014, Tusker renewed their government framework agreement with North Yorkshire County Council, first established in 2010, enabling salary sacrifice car schemes for local authorities. Also in 2014, CEO David Hosking championed amending the School Teachers' Pay and Conditions Document. UK state-maintained school teachers are ineligible for company cars through salary sacrifice schemes, despite access to schemes for childcare benefits and cycle equipment. The company continued this campaign in 2015, but has yet to see a change in the document, though they gained support from 22 MPs and over 1,200 teachers via an online petition.[10] In 2015, following Smedvig Capital's withdrawal, Tusker partnered with ECI Partners.[11]
Awards
- 2018: Winner of Innovation and Excellence Awards – Business of the Year, 2018 [12]
- 2018: Winner of SME Hertfordshire Business Awards – Innovation in Car Leasing Solutions, 2018
- 2017: Winner of ACQ – UK Salary Sacrifice Car Scheme Provider of the Year [13]
- 2017: Winner of Acquisition International – Car Benefit Company of the Year 2017
- 2017: Winner of FleetWord Honours - Innovation in Customer Service Award [14]
- 2017: Winner of Business Growth Awards - Best Car Benefit Firm 2017
- 2016: Winner of Acquisition International – Best Contract Hire and Fleet Management Provider UK 2016
- 2016: Winner of Acquisition International – Best Workplace Car Scheme Provider 2016
- 2016: Winner of Business Excellence Awards - Most innovative Car Scheme 2016
- 2015: Finalist in the 'Ecommerce Business of the Year, Medium-Large' category at the Digital Entrepreneur Awards.[15]
- 2015: Winner of 'Best Car Scheme - UK' at the AI Business Excellence Awards.[16]
- 2015: Winner of 'Growing Business of the Year: Larger Sized Company' at the Growing Business Awards.[17]
References
- ↑ "http://www.smedvigcapital.com/portfolio/tusker/" Retrieved 10 June 2016.
- ↑ "http://www.fleetnews.co.uk/fleet-leasing/fn50-data/"
- ↑ "Smedvig Capital takes control at Tuskerdirect", fleetnews.co.uk, 09 February 2006. Retrieved 13 June 2016.
- ↑ https://www.employeebenefits.co.uk/issues/march-2014/all-employers-need-to-know-about-car-salary-sacrifice-schemes/
- ↑ "Tusker secures funding from Barclays", fleetnews.co.uk, 17 December 2012. Retrieved 13 June 2016.
- ↑ "Tusker's generous Easter donation", teenagecancertrust.org 18 March 2016. Retrieved 13 June 2016.
- ↑ "Tusker wins Green Apple Award for environmental initiatives", 08 October 2014. Retrieved 14 June 2016.
- ↑ "Tusker introduces new green initiatives", 01 September 2014. Retrieved 14 June 2016.
- ↑ "Tusker achieves ISO 14001 environmental accreditation", 10 February 2015. Retrieved 14 June 2016.
- ↑ "Tusker steps up campaign for teachers to be offered car salary sacrifice", fleetnews.co.uk, 17 March 2015. Retrieved 13 June 2016.
- ↑ "ECI Partners invests in Tusker following Smedvig exit", growthbusiness.co.uk, 20 February 2015. Retrieved 10 June 2016.
- ↑ https://www.hertfordshireawards.co.uk/winners-2018
- ↑ https://www.acq5.com/ga17url1/
- ↑ http://fleetworldhonours.co.uk/2017-award-winners/
- ↑ "https://www.digital-entrepreneur.co.uk/finalists.html" Retrieved 13 June 2016.
- ↑ "http://www.acquisition-intl.com/2015-tuskerdirect-ltd" Retrieved 13 June 2016.
- ↑ "http://realbusiness.co.uk/article/32518-the-2015-growing-business-awards-winners-face-the-camera" Retrieved 13 June 2016.
External links
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