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26 September 2016 | Online since 2003
Auto Trader Ltd


21 April 2014 09:30:33 |Machinery and Equipment,News

20% of vehicle fleets were affected by the floods


Almost 20% of businesses operating vehicle fleets were affected by the floods, a poll has shown.
“We received a range of comments from respondents," Kjell Anderton, director of the TrackCompare.co.uk has said.
"One fleet operator told us he’d lost more than £80,000, which he blamed on the government for poorly maintained flood defences.
“And a self-employed courier said he’d ‘lost a lot of money’ because he couldn’t get to his delivery points.
“However, for a few businesses it was quite a different story – some actually got busier.”
According to the Federation of Small Businesses, the floods cost small firms more than £830m.
The organisation said a third of small firms in affected areas suffered from reduced demand, while transport disruption hit supplies and led to staff absences at many firms. The average cost to each business in flood-hit areas was £1,531.
Estimates of insured losses varied widely. Credit Suisse analysts said the final bill could reach £1.2bn, while Bank of America Merrill Lynch put the figure at £1.5bn.

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