consumer finance founded 1959 ; 57 years ago 1959 as lex and autolease 2009 ; 7 years ago 2009 as lex autolease headquarters london united kingdom key people tim porter managing director products vehicle leasing number of employees 2 500 2013 parent lloyds banking group website www.lexautolease.co.uk lex autolease was created in 2009 from the merger of hbos owned lex vehicle leasing with lloyds tsb autolease and is the united kingdom s largest vehicle leasing business 1 with a fleet of about 270 000 vehicles . 2 one in every thirty new cars sold in the uk is through lex autolease . lex vehicle leasing was owned by hbos between 2006 and 2009 part owned with aviva in 2006 when it was part of their rac plc company only the year before . 3 following the acquisition of hbos by lloyds tsb group which owned autolease since 2000 the new lloyds banking group merged the two operations into the new lex autolease . 4 at the time of the merge lex was carrying a debt of gb 2.4 billion . 5 the company can trace its origins back to 1959 when both lex and autolease were established . lex was established in the 1920s but in 1959 it acquired british colonial motors which allowed it to enter the contract hire business . autolease was established in the same year by britax which also owned bristol street motors . 6 lex has been successful in the last few years taking on a number of large white label contracts such as hsbc vehicle finance and ford business partner . contents 1 previous acquisitions 2 see also 3 references 4 external links previous acquisitions edit prior to 2009 both lex and autolease are a result of several other company mergers and acquisitions . lex grew with buying controlled cost motoring in 1969 establishing lombard contract hire in 1983 and fleetdrive acquired in 1988 . see also edit black horse references edit lex autolease appoints new md tim porter . fleet news . 17 may 2013 . retrieved 9 april 2014 . lex autolease . lloyds banking group . retrieved 9 april 2014 . lex service becomes rac plc . aviva . 30 august 2002 . retrieved 9 april 2014 . lex autolease merger confirmed . fleet news . 28 may 2009 . retrieved 9 april 2014 . lloyds looks to offload lex car leasing firm . the telegraph . 30 january 2009 . retrieved 9 april 2014 . history ; the 1950s . lex auotlease . retrieved 9 april 2014 . external links edit official website v t e lloyds banking group retail lloyds bank lloyds bank international bank of scotland halifax birmingham midshires bank of wales commercial lloyds development capital agricultural mortgage corporation consumer black horse lex autolease colleys insurance scottish widows lloyds bank general insurance underwriter lloyds bank insurance services intermediary former lloyds tsb lloyds associated banking company lloyds and national provincial foreign bank bank of london and south america bank of london and montreal cox & kings national bank of new zealand lloyds bank california lloyds bank canada cunliffe brooks fox fowler and company lewis s bank cheltenham & gloucester trustee savings bank tsb bank hbos bank of scotland international halifax ireland banco halifax hispania intelligent finance clerical medical british linen bank the leeds annual group revenue gb 43.467 billion 2010 employees 100 000 2012 stock symbol lse lloy nyse lyg website www.lloydsbankinggroup.com legislation lloyds tsb act 1998 hbos group reorganisation act 2006 category commons v t e automotive industry in the united kingdom manufacturing in the united kingdom economy of the united kingdom companies and marques commercial vehicle producers current alexander dennis plaxton dennis eagle ibc vehicles jcb leyland trucks the london taxi company optare smith electric vehicles stevens wrightbus former albion aec bedford bristol clough smith commer daimler erf foden ford southampton plant guy jensen karrier ldv modec scammell seddon atkinson sentinel shelvoke and drewry straker squire thornycroft tilling stevens motorsport advanced engine research arena motorsport carlin chevron cars cosworth dowdeswell and hardie engine developments ltd. force india ford world rally team fortec hewland ilmor lola cars manor racing marussia f1 mclaren mercedes amg high performance powertrains mercedes amg m sport munchi s prodrive radical red bull racing renault sport f1 team ricardo rml group roger dowson engineering sumo power team dynamics triple eight van diemen williams f1 wirth xtrac zytek motorsport passenger car producers current ariel ascari aston martin bentley crewe plant bmw group mini plant oxford plant swindon rolls royce goodwood plant briggs bristol caparo caterham electric car corporation fenix ford of britain bridgend engine dagenham plant dunton technical centre ginetta honda uk jaguar land rover jaguar land rover daimler castle bromwich plant gaydon centre halewood plant solihull plant whitley engineering centre lagonda lightning lister lotus mclaren mclaren technology centre saic motor uk eco concept mg longbridge plant morgan nissan uk noble peel engineering radical spyker toyota uk vauxhall ellesmere port westfield zenos kit cars caterham davrian gkd gtm jba motors marc nordon racing onyx quantum sylva ultima sports westfield former alvis austin austin healey bmc bmh british leyland mg rover morris riley rootes rover company rover group standard sunbeam triumph wolseley more ... suppliers and consultancies current caparo vehicle technologies cosworth cummins uk gkn gkn driveline johnson matthey lotus engineering mira perkins engines pilkington quaife ricardo tata steel europe tickford trl unipart wipac wmg zytek former dunlop rubber ferodo gardner hardy spicer henry meadows laycock engineering lucas industries lucasvarity tomkins white and poppe dealerships arnold clark carcraft ford retail group group 1 automotive inchcape jardine jct600 lookers mercedes benz retail group h.r. owen pendragon perrys robins & day stoneacre sytner vertu other services the aa ats euromaster autoglass auto windscreens british car auctions british vehicle rental and leasing association green flag halfords autocentre halfords kwik fit leaseplan lex autolease national tyres and autocare rac we buy any car government and regulatory bodies department for transport driver and vehicle licensing agency driving standards agency vehicle certification agency vehicle and operator services agency related topics automobile designers automobile magazines am magazine autocar auto trader auto express car classic & sports car evo fast car motor sport octane top gear what car institute of advanced motorists iam motorcycle manufacturers royal society for the prevention of accidents rospa society of motor manufacturers and traders top gear category this article about a company of the uk is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title lex autolease & oldid 720294068 categories car rental companiesleasing companieslloyds banking 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