.co.uk Motor Trade Acquisitions July - September 2018

1 Motor Trade Acquisitions April - June 2018. Date Franchises Target Bidder Comments Read Motor Group acquire Burrows Hyundai in Burrows - Doncaster Read Motor Group - Grimsby Doncaster .. Burrows Motor Company Ltd Read Motor Group Ltd Apr This sale follows the sale by Burrows of their Sheffield Hyundai/Fiat dealership in February to turnover 120m turnover 36m Stoneacre and completes their exit from the franchise. Burrows are looking at further Profit before tax 70,000 Profit before tax 631k Acquisitions and the purchase of Toyota in Worksop is expected shortly. Read Motor Group is owned by Mike Read and his family and this acquisition adds to his Hyundai dealerships in Net assets 3m Net assets Boston, Grimsby, Kings Lynn, Lincoln and Worksop.

2 They also represent Suzuki in Grimsby. * Group Accounts including Target Business Startin Group acquires Peugeot and Suzuki in Worcester Hylton Group - Cheltenham Startin Group - Redditch from Hylton Group .. Hylton Group Ltd Freeman Junior Ltd Following the closure in March of their Renault and Dacia dealerships in Cheltenham and Apr Worcester as well as their Nissan dealership in Worcester, this sale marks Hylton's exit from turnover 43m turnover 54m the Motor Trade . The group was owned by Saad Alkhorayef who is Saudi Arabian. Startin Profit before tax 250k Profit before tax 339k Group is owned by Gerald Freeman and his family and this acquisition fits well with their Net assets Net assets existing Honda and Skoda dealerships in Worcester as well as Fiat, Abarth, Kia and Peugeot in Redditch and Honda in Stourbridge.

3 * Group Accounts including Target Business Nick Allen completes management buy out at Sportif Sportif Group - Aylesbury Nick Allen - Witney Suzuki in Oxfordshire .. Sportif Ltd Apr A management buy out by Nick Allen and his wife Annie leaving John Miskin and John turnover 27m turnover n/a Boardman, the owners of Sportif, with Citroen in Aylesbury. The Suzuki dealership which is Profit before tax 408k Profit before tax n/a understood to be one of the first in the UK was acquired by Sportif in 2000 with Nick Allen Net assets Net assets n/a joining shortly afterwards as the Dealer Principal. * Group Accounts including Target Business Go Motor Retailing acquires Vauxhall in Kingston, Now Motor Group - Addlestone Go Motor Group - London Heathrow, Hayes and Staples Corner from the Administrators of Now Motor Retailing.

4 Now Motor Retailing Ltd Go Motor Retailing Ltd The demise of the Vauxhall part of Now Motor Retailing which was owned by Jon Taylor and turnover 89m turnover 89m David Challis and a reminder of the additional challenges facing dealers based in Greater Apr London. This was a prepack sale with the Administrators, Smith and Williams, being appointed Profit before tax 751k Profit before tax 64k immediately after the sale. The Now Motor Group also operated a Kia dealership in Stevenage Net assets Net assets which was acquired in November last year and this appears unaffected by the Administration. Go Motor Retailing is owned by Vauxhall Motors and they already represent Vauxhall in * Group Accounts including Target Business Beckenham, Chiselhurst, Crawley, Croydon, Sevenoaks, Stafford, Wednesbury and Wimbledon.

5 MTBN is a trading name of MHW 60 Ltd - Registered in England No 7456284 - Contact Martin Wilson 07802 296363.. Motor Trade Acquisitions April - June 2018. Date Franchises Target Bidder Comments Eden Motor Group acquires Vauxhall in Swindon from Now Motor Group - Addlestone Eden Motor Group - Reading the Administrators of Now Motor Retailing .. Now Motor Retailing Ltd Eden Automotive Investments Ltd The second part of the Now Motor Group sale and another prepack deal prior to the Apr turnover 89m turnover 280m appointment of the Administrators. Eden Motor Group is owned by Graeme Potts and they Profit before tax 751k Profit before tax now have 14 Vauxhall dealerships in which Vauxhall also have an interest.

6 Eden Motor Group also represent Mazda, Peugeot Fiat and Hyundai and that part of the group is 100% owned by Net assets Net assets Graeme Potts. * Group Accounts including Target Business Waylands Automotive acquires Fawcetts Volvo in Fawcetts Garage - Newbury Waylands Automotive - Reading Newbury .. Fawcett's Garage (Newbury) Ltd Waylands Automotive Ltd n/a Another acquisition by Waylands Automotive following on from their acquisition of the Volvo turnover n/a turnover n/a dealership in Reading in November last year. Waylands Automotive is 100% owned by John May Volvo O'Hanlon the chief executive and 10% shareholder of Ridgeway prior to the sale to Marshalls Profit before tax n/a Profit before tax n/a for Another vote of confidence in the future of the Volvo franchise from John Net assets 995k Net assets n/a O'Hanlon who is also a Director of John Clark Motor Group which recently took on their first Volvo franchise in Edinburgh.

7 Fawcetts was owned by Roger and Ann Sampson and the sale was structured as a share sale with the Managing Director, Mark Jones, also resigning as a director. Vertu Motors - Newcastle-upon- Vertu Motors acquires Hughes Group Mercedes in Hughes Group - Beaconsfield Tyne Beaconsfield and Aylesbury .. Hughes of Beaconsfield Ltd Vertu Motors plc A significant acquisition as it is 2 years since Vertu's last acquisition when they acquired Gordon Lamb Group and this fits well with their existing Mercedes dealerships in Reading, turnover 150m turnover Jun Ascot and Slough. Unusually the Mercedes site in Beaconsfield also included Jeep and the Profit before tax Profit before tax Aylesbury site included Skoda with a separate preparation centre in Wendover and a small Net assets Net assets 246m Peugeot dealership in High Wycombe.

8 The Hughes Group was founded in 1955 by the late Michael Hughes and his family owned 60% of the shares with Geoff Williams (Managing Director) 25%, Simon Eggs (Operations Director) 10% and a retired Director Janet Wallington 5%. The price paid was for the net assets of 12m plus goodwill of Johnsons acquire T H White Fiat, Alfa, Abarth, Jeep and T H White - Swindon Johnsons Cars - Redditch Fiat Commercial in Swindon .. T H White Holdings Ltd Johnsons Cars Ltd After two Acquisitions last year this is Johnson's first acquisition of the year adding to their Jun turnover 122m turnover 360m existing Fiat, Abarth and Alfa Romeo dealership in Solihull and also adding Jeep and Fiat Profit before tax Profit before tax Commercial to their franchise portfolio.

9 Johnsons is owned by the Dale family, Mike Berwick, Martin Sumner and Richard Martin. T H White has a very wide family and employee Net assets 31m Net assets 18m ownership and they operate a number of businesses in agriculture, construction equipment, * Group Accounts including Target Business security and fire systems, sustainable energy, materials handling and bulk storage. MTBN is a trading name of MHW 60 Ltd - Registered in England No 7456284 - Contact Martin Wilson 07802 296363.. Motor Trade Acquisitions April - June 2018. Date Franchises Target Bidder Comments Pollendine Motors - Clacton on Lookers - Manchester Lookers acquire Ford in Clacton on Sea.

10 Sea Pollendine Motors (Frinton) Ltd Lookers plc A small but significant acquisition as it is Lookers' first since they acquired Knights BMW and Jun turnover n/a turnover Drayton Mercedes in August 2016. This brings their total number of Ford dealerships to 11. Profit before tax n/a Profit before tax and fits well with their existing Ford dealerships in Braintree, Chelmsford, Colchester, South Woodham Ferrers and Sudbury. Pollendine Motors was owned by Samantha Murray who has Net assets Net assets 385m been Managing Director of the Business since 2001 and the dealership has represented Ford since 2008. MTBN is a trading name of MHW 60 Ltd - Registered in England No 7456284 - Contact Martin Wilson 07802 296363.