Fleet management firm Chevin has celebrated its 18th year of business with a reported 40% increase in revenue.

The boost has come in the past 12 months and has been put down to an increase in new business. A spokesman for Chevin said the company expects the trend to continue in the upcoming months.

“We are financially stable and we are not going anywhere,” he said. “Our products look to cut costs so offer a benefit to those looking to save money in difficult financial times.”

Chevin has offices in the UK, Ireland and the USA and its technology is used in 30 countries.