Management buyout injects multi-million pound investment into Aston Barclay Group
Posted 5 June 2017
Aston Barclay is pleased to announce it has secured a multi-million pound investment from Rutland Partners, which will pave the way for a significant investment in the development of its people, existing and new auction centres and new IT technology that will consolidate it as the UK’s leading national independent vehicle remarketing provider.
The MBO is led by new Chief Executive Officer Neil Hodson, who brings over 25 years’ experience to Aston Barclay, following stints at Manheim, HPI and Experian.
Neil is shaping Aston Barclay’s vision for short and long-term growth to keep it at the forefront of industry innovation, investment and customer experience.
Glenn and David Scarborough, formerly group managing director and commercial director respectively, will both remain company shareholders as non-executive directors. The continued investment by the Scarborough family cements Aston Barclay’s family-run ethos and values, helping it to continue its personal service for buyers and vendors.
Laurence Vaughan is also joining the Board and investing as non-executive Chairman. Laurence was previously CEO and is now non-executive chairman of Sytner Group.
New 18-acre Donington Park Super Centre announced
Aston Barclay has announced the development of a new 18-acre Super Centre at Donington Park, which will become one of the largest state of art auctions in the country, with space for 350-400 cars under one roof.
Based in Donington Park’s famous Engine Room exhibition space, it will serve as Aston Barclay’s central hub for all remarketing operations, as well as being the home to a new buyer services and account management team. The site will be open in quarter four 2017, with further network expansion planned in the future.
Aston Barclay’s Leeds centre has now been completely redeveloped; aligning it aesthetically with its Chelmsford, Prees Heath and Westbury centres that have seen a collective £1.5m group investment in the last two years.
It is also in the early stages of expanding its Prees Heath auction centre in Shropshire, purchasing an additional 6.5 acres of land for future development.
Investment in people
To ensure customers continue to benefit from its remarketing expertise and knowledge, Aston Barclay has also restructured its senior management team, with Martin Potter joining the board in the position of group operations director. Martin is supported by national operations manager Brett Henderson, while a new sales director will be joining the board in the near future.
Stewart Ford has also been appointed as group IT director following a successful career at CAP HPi He will spearhead the investment in Aston Barclay’s digital strategy which will be at the heart of every auction centre, creating a seamless journey from the physical auction hall to the digital space.
Neil Hodson, CEO of Aston Barclay, said: “Aston Barclay is a great business and Rutland Partners’ multi-million pound investment across all areas will help further develop our service offering for both buyers and vendors. Our aim is to be at the forefront of shaping the remarketing industry, reinforcing our position as the leading independent provider in the market.”
“With Glenn and David staying on-board, Aston Barclay’s family-run approach will remain at the heart of our offering for customers – a friendly, consultative and personal service with a board and senior management team always on hand to work closely with our buyer and vendor partners,” added Hodson.
Aston Barclay’s Glenn Scarborough said: “We are pleased to welcome Neil and his management team as investors in Aston Barclay supported by Rutland Partners. These are exciting times for the remarketing industry and we are confident the support and the investment will enable Aston Barclay to exploit the opportunities for growth that the market has to offer.”
Oliver Jones of Rutland Partners said: “We are delighted to have completed our investment in Aston Barclay. The Donington site will deliver a step change in Aston Barclay’s offering to the market and we look forward to working with Neil and his team in delivering this next phase of growth.”