Stoneacre Motor Group

Last updated

Stoneacre Motor Group
Company typePrivate
IndustryCar Dealership
FoundedDecember 1994
Headquarters Doncaster, United Kingdom
Revenue£982m
Number of employees
3,000
Website stoneacre.co.uk

Stoneacre Motor Group is a car dealership group based in the United Kingdom, having been established in December 1994. The company started trading by acquiring Stoneacre in 1994, a used car dealership based in Scunthorpe that had gone bankrupt. [1] Stoneacre offers new and used car sales, as well as many aftersales services such as car servicing and MOTs. In the year to April 2019, Stoneacre had registered a turnover of £982m on its way to a targeted turnover of over £1 billion come 2020, while pre-tax profits rose to £17m (a 25 per cent increase year over year). [2]

Contents

Acquisitions

In December 2014, Staffordshire-based Randles Motor Group, with a turnover of £30 million, was acquired by the company. [3] [4] Stoneacre followed this up with the acquisition of the Chesterfield-based Autoworld, an £80m-turnover group, in 2015. [5] Stoneacre added Honda and Mitsubishi to its portfolio in 2017 through the acquisition of Gilder Group in Sheffield and Rotherham. [6]

In 2018, the franchise dealership completed multiple purchases, starting with the acquisition of Chris Variava in Nottingham, [7] before obtaining two showrooms from Burrows Motor Company in Sheffield. [8] In March, Stoneacre completed the purchase of Platts Garage in Stafford, [9] a dealership with multiple franchises. Later in the year, the purchase of Mill Garages North East was completed, [10] a Volvo dealership with three showrooms in the North East and one in Harrogate (Knaresborough). Initially delayed by the Covid outbreak, Stoneacre completed the buyout of Hodgson Motor Group in the summer of 2020, adding Toyota to its list of franchises and four additional showrooms in the North East. [11]

Aston Martin

In early 2015, Stoneacre opened a purpose-built, 14-car Aston Martin showroom at Newcastle's Silverlink Retail and Business Park. The opening night of the showroom saw the public debut of the DB11, which kick-started the Gaydon firm's 'Second Century' plan, with then Aston Martin CEO, Andy Palmer, also in attendance. [12]

Stoneacre Cup

June 2019 saw the inaugural Stoneacre Cup take place at the Keepmoat Stadium in Doncaster—Doncaster Rovers' home ground—organised through Stoneacre's sponsorship of the South Yorkshire football club. [13] The aim of the Stoneacre Cup is to invite local primary schools in the Doncaster area to play in an inter-schools football tournament, with eight teams playing in this first running of the competition. [14] The Covid outbreak halted plans for a second running in 2020.

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References

  1. ↑ "The Sunday Times Profit Track 100 2013". Sunday Times Fast Track 100 . Sunday Times. Archived from the original on 19 January 2015. Retrieved 19 January 2015.
  2. ↑ "Stoneacre pre-tax profits rise to £17m as new and used car sales grow". Car Dealer Magazine. 25 February 2020. Retrieved 16 September 2020.
  3. ↑ "£30M Car Dealer Sold to Stoneacre". Insider Media. 22 December 2014.
  4. ↑ Bennett, Jeremy (23 December 2014). "Stoneacre acquires Staffordshire-based Randles Motor Group". AM online. Retrieved 23 December 2014.
  5. ↑ Kirwan, John (1 October 2015). "Stoneacre buys £80m-turnover group Autoworld". Motor Trader. Retrieved 16 September 2020.
  6. ↑ "Stoneacre expand with two new franchises". RMC Media. Retrieved 16 September 2020.
  7. ↑ Kirwan, John (22 February 2018). "Stoneacre to hit acquisition trail and announce record profits UPDATE". Motor Trader. Retrieved 16 September 2020.
  8. ↑ "Stoneacre Motor Group continues 2018 acquisitions with Burrows Motor Group Hyundai and Fiat deal". www.am-online.com. Retrieved 16 September 2020.
  9. ↑ Kirwan, John (6 March 2018). "Stoneacre buys Platts Garage in Stafford". Motor Trader. Retrieved 16 September 2020.
  10. ↑ "Stoneacre Motor Group completes Mill Garages Northeast Ltd acquisition". www.am-online.com. Retrieved 16 September 2020.
  11. ↑ "Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group". www.am-online.com. Retrieved 16 September 2020.
  12. ↑ "Stoneacre opens Aston Martin showroom in Newcastle". www.am-online.com. Retrieved 16 September 2020.
  13. ↑ "Saltersgate Junior School win Stoneacre Cup". www.doncasterfreepress.co.uk. Retrieved 16 September 2020.
  14. ↑ "The first ever Stoneacre Cup". Stoneacre Motor Group. 27 June 2019. Retrieved 16 September 2020.
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