Driver Hire, as part of Specialist People Services (SPS), has completed a new group-wide refinancing with Virgin Money, strengthening its financial platform as it expands in logistics recruitment and training.
The transaction follows a competitive banking process and gives the business greater flexibility to invest in growth, customer service and operational capability. It also signals clear confidence in the scale, resilience and market position of the Driver Hire brand.
The refinancing is backed by strong performance across the UK and Australia, where Driver Hire has delivered record revenues and continues to build momentum in the current financial year.
That performance is notable in a recruitment market where many employers have remained cautious on hiring, reinforcing Driver Hire’s ability to perform through changing trading conditions.
Founded in 1983, Driver Hire is a leading specialist in logistics recruitment and training, supplying temporary and permanent staff to businesses across the UK. Its franchise network combines local market knowledge with national reach, supported by central infrastructure and specialist teams that help customers keep essential transport and logistics operations moving.
Chris Chidley, CEO, said, “This refinancing is an important step for Driver Hire. It strengthens our position, gives us greater capacity to support growth and represents a significant endorsement of the Driver Hire brand and the business we have built across the network.”
“It also reflects the broader strength of the business, including the continued success of our training and Australian operations. That success is founded on the commitment and professionalism of our franchisees, staff and drivers, who deliver for customers every day.”