TIP is a leading pan-European equipment service provider, specialising in trailer leasing, rental, maintenance and repair for transportation and logistics customers. They service customers from 102 locations spread over 17 countries in Europe and North America.
TIP offers flexible leasing and rental solutions for a variety of asset types to their transport operator and logistics provider customers. These assets include curtainsider, van, flat and chassis trailers in addition to more specialised equipment. They also provide maintenance and additional support services, helping operators improve fleet performance and reduce costs. TIP’s ambition to grow their leasing facilities together with increasing demands from the marketplace meant that TIP required a range of flexible funding solutions that would enable their business to continue meeting the needs of their growing asset and customer bases.
As an existing client of ABN AMRO Bank in the Netherlands, TIP was introduced to the UK Lease team in 2013. ABN AMRO Lease was able to provide suitable funding solutions at competitive rates and when necessary, take on the residual value (RV) risk involved. To support TIP’s pan-European operations, a significant credit facility is provided across four of TIP’s operational countries, enabling them to continue providing their customers with a one-stop shop for leasing, rental and fleet management services.
TIP Sales Director UK & Ireland, John Crisp says: “Our relationship with ABN AMRO is second to none. We build packages to suit our customers’ requirements and ABN AMRO help facilitate that.”
The partnership has helped enable the continued year-on-year growth of TIP’s business. Already a key client of ABN AMRO Bank in The Netherlands, TIP has fast become an important partner for our UK Lease business. Together we build tailored funding solutions to accommodate the leasing and rental requirements of TIP’s expanding customer base.