Maxxia has selected Virtual Lease Services Limited (VLS) to support its lease administration and contract management requirements. The appointment follows “a competitive process”.

Maxxia provides finance solutions to the vehicle leasing and fleet management, IT lifecycle management and general asset finance sectors. It owns a fleet of over 12,000 vehicles via its subsidiary CLM Fleet Management.

Under the agreement, VLS will provide Maxxia with access to its leading software platform LeaseSoft. It will also provide a range of portfolio management services – including ‘Bill and Collect’ – as well as end-to-end asset management solutions.

Gareth Shaw, CFO at Maxxia (pictured above), commented: “We are delighted to be working with VLS. It stood out heads and shoulders amongst its competitors as the provider we could best rely on to meet our expectations and more.”

VLS Sales Director, Stuart Hughes, added: “Maxxia faces the distinct challenges that come with being a new entrant looking to set up shop and make its mark in the UK lending space. Our solution is tailored to Maxxia’s needs in this regard, but flexible enough to adapt as it grows its business, which it surely will. Time is money, and our solutions along with our experience will help Maxxia minimise time lost to administrative and managerial tasks.”

Maxxia is a part of the McMillan Shakespeare Group, based in Australia. VLS is majority owned by lease system platform provider NetSol Technologies, and the only UK asset-backed servicer rated by Fitch.