City Car Club
CityCarClub is the first and most extensive pay-as-you-drive car club operator in the UK. Established in 2000, it has the largest nationwide car network outside London, ranging from Edinburgh to Portsmouth. Membership is increasing strongly month by month as the major cost and ease of use benefits are becoming better recognised and people are inspired by its positive environmental impact. Cars are parked in specially designated reserved bays near homes and work places, usually agreed under long term contracts with Local Authorities.
Property developers also benefit by establishing clubs in their developments in order to satisfy increasingly stringent car parking restrictions and to provide prospective property owners with a cost-effective, environmentally friendly and efficient solution.
CityCarClub has a strong shareholder group and Nash Fitzwilliams has completed seven major financings for the Company, the most recent of which was in March 2012.