Novuna Vehicle Solutions salary sacrifice: an employer's guide
How employers can assess, operate, and improve Novuna Vehicle Solutions salary sacrifice arrangements, including documents, governance, provider selection, and additional manufacturer support.
Last reviewed: 21 September 2026
Independent employer-side guide. Fagan & Company is not affiliated with Novuna Vehicle Solutions. Public proposition details can change; verify them against the current proposal and signed documents.
Who is this page for?
Choose the route that matches your question. Employers get the review and selection material; employees and existing scheme members get practical help with cars, quotes and portals.
I represent an employer
Reviewing a live Novuna programme, building a shortlist, preparing a tender, or considering a second provider.
Employer review and selectionI am an employee or have a provider quote
Looking for available cars, prices, a portal, or help understanding a Novuna quotation.
Employee and scheme member helpStart with the legal entity and the evidence
Employer due-diligence guidance updated on 12 October 2026. The public-proposition review date above refers to the provider material reviewed; financial records carry their own review date and reporting periods.
Before comparing Novuna Vehicle Solutions with another provider, confirm the legal names of the scheme administrator, employer counterparty, vehicle lessor and insurer. Match the accounts and funding evidence to those entities, then use the same vehicle, term, mileage, package and life-event scenarios for each bid.
Record an unsupported answer as an evidence gap rather than a missing capability. Follow the salary sacrifice provider tender timetable and proposal questions or start with an incumbent programme audit when the provider is already appointed.
What is Novuna Vehicle Solutions salary sacrifice?
Novuna Vehicle Solutions describes a tailored, fully managed electric car salary sacrifice scheme and highlights more than 15 years of scheme experience. Its public proposition includes a complete motoring package, a home charge point, employee tools, and support.
Employers should verify what is standard, optional, conditional, or separately priced. The most useful comparison is the complete employer and employee outcome, not the apparent breadth of a headline package.
Provider source reviewed: Novuna Vehicle Solutions's official UK information. This source confirms the public proposition only; the employer's proposal and contracts govern the live arrangement.
What Novuna's public proposition tells employers
These points help frame a review. They are not a ranking, endorsement, or substitute for current contractual evidence.
Tailored scheme design
Novuna positions the scheme as designed around employer cost, risk, driver appeal, and sustainability objectives.
Complete motoring package
Public material refers to a package including servicing, repairs, insurance, breakdown cover, and vehicle tax; current schedules control the detail.
Charging and employee support
Novuna highlights a home charge point, an electric vehicle hub, online tools, and driver support as parts of the proposition.
Company financials and ownership
Mitsubishi HC Capital UK PLC, company number 01630491. Incorporated 21 Apr 1982. Financial and ownership review: 12 Oct 2026.
Consolidated Mitsubishi HC Capital UK group accounts, including several finance businesses and European subsidiaries. Novuna Vehicle Solutions is a trading style of the UK company, not the dormant similarly named company 13153113. These totals are not the vehicle division or salary sacrifice scheme alone. Incorporation is the legal entity's registration date, not the launch date of its salary sacrifice scheme. Confirm the contracting entity in your employer agreement.
Income and group scope: Revenue, operating profit and profit before tax relate to continuing operations. Staff and balance-sheet measures cover the consolidated group.
Three-year financial record
Staff definition: Reported average group headcount, including the wider finance businesses and European subsidiaries. It is not the Novuna Vehicle Solutions division's workforce or average full-time-equivalent count.
| Measure | Year ended 31 Mar 2024 | Year ended 31 Mar 2025 | Year ended 31 Mar 2026 |
|---|---|---|---|
| Revenue / turnover | £1,578.6m (p. 88) | £1,779.7m (p. 66) | £1,929.4m (p. 66) |
| Operating profit / (loss) | £135.7m (p. 88) | £126.9m (p. 66) | £132.7m (p. 66) |
| Profit / (loss) before tax | £133.4m (p. 88) | £120.6m (p. 66) | £79.1m (p. 66) |
| Reported average staff measure | 2,399 (p. 144) | 2,457 (p. 105) | 2,424 (p. 105) |
| Net assets / (liabilities) | £1,072.4m (p. 90) | £1,078.2m (p. 69) | £1,113.0m (p. 69) |
| Cash / cash equivalents | £59.3m (p. 90) | £242.4m (p. 68) | £130.3m (p. 68) |
| Revenue change from previous year | Baseline | 12.7% | 8.4% |
| Change in profit before tax | Baseline | -£12.8m | -£41.5m |
| Profit before tax / revenue | 8.5% | 6.8% | 4.1% |
- 1 Apr 2023 to 31 Mar 2024: Re-presented continuing-operation comparative from the 2025 accounts; group staff and balance sheet include the wider group. Source accounts, filed 17 Jun 2025.
- 1 Apr 2024 to 31 Mar 2025: Latest comparative from the 2026 accounts; continuing-operation income, group-wide balance sheet and average headcount. Source accounts, filed 19 Jun 2026.
- 1 Apr 2025 to 31 Mar 2026: Current group figures; continuing-operation income, group-wide balance sheet and average headcount. Source accounts, filed 19 Jun 2026.
Ownership and control
Registered corporate controller: Mitsubishi HC Capital Inc.. The register reports ownership of 75% or more of shares. It also reports voting rights of 75% or more and the right to appoint or remove directors. Notified-on date on the register: 1 Apr 2021. Companies House control record.
Parent disclosed in the reviewed accounts: Ultimate parent and controlling party Mitsubishi HC Capital Inc., Japan. Ownership note, PDF page 163. Ownership disclosure in the latest reviewed accounts. Current register and historic account disclosures are shown separately.
A corporate controller is not necessarily an individual ultimate beneficial owner. We have not established an individual ultimate beneficial owner in this review. Group ownership does not itself establish a parent guarantee of the employer's agreement.
What this means for employers
Group revenue increased in 2026 while pretax profit from continuing operations fell. The income statement includes a £56.0m exceptional motor-commission provision charge. The 2025 accounts re-present the 2024 income statement for discontinued European branches; those re-presented figures are used here. The group scope differs materially from the company-only leasing rows and should not be used as a salary sacrifice profitability or service-capacity measure.
Context sources: PDF page 3, PDF page 66, PDF page 105, PDF page 106, PDF page 109. Independent auditor's report for the latest reviewed accounts.
- What current financial and delivery evidence relates specifically to Novuna Vehicle Solutions and the proposed contracting entity?
- Which UK and group funding arrangements support this scheme, and what is the written scope of any guarantee?
These historical company accounts do not isolate the economics of your scheme or constitute a credit rating. Different vehicle ownership, funding, disposal and group-service arrangements affect comparability. Read the financial comparison and methodology, then test current evidence through the provider-selection scorecard.
If your employer already uses Novuna
An independent review can improve an established programme without disrupting the provider relationship.
Reconcile the complete package
Check which services are included in every quotation, which have limits, and which generate additional employee or employer cost.
Review charging delivery
Test eligibility, property constraints, installation exceptions, grant treatment, delays, and the route for employees who cannot charge at home.
Measure adoption and outcomes
Use cohort-level take-up, order, cancellation, service, and sustainability data to improve the programme after launch.
Where independent employer-side support adds value
The provider supplies and administers the agreed proposition. The employer still needs to decide what good looks like, protect employment and payroll controls, reconcile the commercial model, and hold all parties to the intended outcome.
- Audit the signed programme, employee journey, payroll operation, risk allocation, and live service against the employer's objectives.
- Review quotations and supplier terms on a complete, like-for-like basis, including funding, maintenance, insurance, tax, protection, and employer savings.
- Improve employee activation through targeted communications, vehicle education, workplace events, test drives, and analysis of eligible but inactive employees.
- Define management information, service reviews, complaint escalation, change control, and measurable improvement actions.
See our employee car benefit programme audit for the wider review framework.
If Novuna is being shortlisted
Start with the employer's workforce, policies, payroll, risk appetite, vehicle strategy, and service requirements. A provider comparison should then test consistent evidence, pricing assumptions, and scenarios across every bidder. See our provider tender service or second-provider assessment for the decision process.
Fagan & Company can help define requirements, prepare or review tender documents, manage clarifications, normalise responses, assess standard paperwork, support negotiation, and turn the selected proposition into an implementable operating model. Formal legal, tax, and regulated insurance advice remains with the employer's appointed specialists.
Questions to put to Novuna
Require written, employer-specific answers and worked examples where the outcome depends on an employee event or exception.
1. What is included in the standard motoring package and what varies by employer or employee?
Record the response, evidence, owner, any exception, and the contractual document in which the commitment will sit.
2. What happens when a standard home charger installation is not possible?
Record the response, evidence, owner, any exception, and the contractual document in which the commitment will sit.
3. How are leavers and other life events priced, protected, and administered?
Record the response, evidence, owner, any exception, and the contractual document in which the commitment will sit.
4. What evidence supports the proposed take-up and sustainability outcomes for this workforce?
Record the response, evidence, owner, any exception, and the contractual document in which the commitment will sit.
Documents and commercial terms to review
Salary sacrifice is not governed by one document. Contract, employment, payroll, tax, insurance, leasing, and operational terms must work together without gaps or contradictory promises.
Core employer pack
- employer master agreement and all commercial schedules
- employee salary sacrifice arrangement or contract change letter
- scheme policy, eligibility rules, and minimum-pay controls
- vehicle lease, maintenance, insurance, and early termination terms
- payroll files, tax reporting, data protection, and management information specifications
- implementation plan, service levels, complaints process, change control, and exit arrangements
Provider-specific evidence
- Complete motoring-package schedule and exclusions
- Home charging eligibility, installation, exception, and cancellation terms
- Employee support, management information, and sustainability reporting specification
Adding manufacturer terms to Novuna salary sacrifice
The leasing provider's standard portal terms are not always the complete support available to a named employer. A vehicle manufacturer may be willing to approve additional end-user terms or resources for an employer programme, subject to its fleet policy and the purchasing, funding, retailer, and delivery route.
We can approach manufacturers, establish employer attribution, and seek written confirmation that the nominated leasing company and supply route qualify. The review should establish whether support is additional to retailer discount, which parts of the vehicle price and factory options it covers, how it appears in the rental, how orders are reported, and whether home delivery requires repeated approval.
Commercial terms are only one part of activation. Manufacturers may also support workplace events, display vehicles, test drives, product experts, employee communications, and model-specific education. These resources should be coordinated with Novuna, not run as a disconnected campaign.
Learn more about our manufacturer and employer-channel advisory.
Employee and scheme member help
There is no single public price list or car list that applies to everyone. Employer policy, scheme rules, contract term, annual mileage, insurance eligibility, vehicle availability and the live quotation all affect what you can order and what it costs you.
Novuna Vehicle Solutions supplies the arrangement your employer has agreed. Some elements that look standard in public material can be optional in a particular employer package.
What is actually included in my package?
Ask for written confirmation of which services are included as standard for your employer, which are optional, and which are excluded, including charging, insurance and early termination protection.
How do I get a live quotation?
Use the scheme route your employer has given you. A live quotation reflects your vehicle, term, mileage and pay position, so no public price can stand in for it.
Where to go next
- Salary sacrifice calculator to build an independent estimate from your own salary.
- Car research library to research models before you check availability with your scheme.
- Novuna's official UK salary sacrifice information for the provider's own site and portal route.
We are independent and not affiliated with Novuna. We do not hold your scheme details and cannot see your quotation, so your employer and the scheme portal remain the correct route for personal figures.
Novuna Vehicle Solutions salary sacrifice FAQs
Answers for employers reviewing a live scheme or considering the provider.
Review or improve your Novuna programme
Tell us whether Novuna is live, shortlisted, or part of a wider tender. We will identify the evidence, decisions, and practical next step.