102 Dennison skeletal trailers bought by Collease

Collease, the truck and trailer rental company, has had a gap of more than a year in the market, but has returned by updating its fleet with 102 Dennison skeletal trailers.

Dennison are based in Lancaster, with sites in County Kildare and Suffolk. This hire-purchase deal is the first of any kind that Collease has signed in over 12 months. The deal was for 88 sliding and 14 tank skeletal trailers.

The general manager and director of Collease, Duncan Scillitoe, says that Collease have a policy of making sure that they pay for any equipment they buy really quickly. Because of this, he says that for the last year:

“Our main strategy was to look after the assets we had, ensure it was all available for hire, and pay down the debt; we paid off a huge amount of hire purchase during 2009.”

Scillitoe has seen confidence returning to the sector, which is one of the factors in Collease’s decision to renew its rolling stock. He says that there was a lot of purchasing by the industry during the “boom times” but that all collapsed because of the recession, so most container companies will be very hesitant about signing any longer term deals.

Hopefully, this deal and the couple of others like it are signifying a positive change for the LGV / HGV driving sector.