Stoneacre Motor Group

Stoneacre Motor Group
Company typePrivate
IndustryCar Dealership
FoundedDecember 1994
HeadquartersDoncaster, United Kingdom
Revenue£982m
Number of employees
3,000
Websitestoneacre.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]

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-19 pandemic, 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 DoncasterDoncaster 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.

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.