DOCSLIB.ORG

FY21 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
FY21 Annual Report Motorpoint Group Plc Annual Report and Accounts 2021 Motorpoint Group plc Group Motorpoint Annual Report and Accounts 2021 and Accounts Annual Report Reigniting growth through E-commerce MOTORPOINT Car buying made easy Motorpoint is the UK’s leading omnichannel retailer of 0-3 year nearly new vehicles driven under 30,000 miles. Making car buying easy has been our Purpose for over 20 years. It’s the reason why we have such a rich history of adapting to the needs of our customers and continually innovating to deliver the best car buying experience possible. Decades of putting our customers at the centre of everything we do has given us an unparalleled understanding of what people want when they buy a car. This is why we believe so strongly in giving our customers unrivalled Choice, Value, Service, and Quality, and why we are trusted to be the Car Buyer’s Champion. People Omnichannel and powered customer-centric At our heart we are a people powered business and it is our By focusing on making car buying easy for our customers we talented people who help customers when purchasing a have been able to create the very best omnichannel experience. vehicle from Motorpoint, giving them the advice they’re One that combines the convenience and benefits of buying online, looking for, ensuring everything is to the standard they expect Home Delivery and Reserve and Collect with an extensive and developing new innovations, products and services that nationwide retail network ensuring high levels of quality, constantly improve the purchasing process. service and support. 1 45 77 Strategic Report Governance Financial Statements 1 FY21 Highlights 46 Board of Directors 78 Independent auditor’s report 2 At a glance 48 Introduction to governance 84 Consolidated statement of 6 Investment case 49 Corporate governance report comprehensive income 7 Market overview 52 Audit Committee report 85 Consolidated balance sheet 8 How we create value 55 Nomination Committee report 86 Consolidated statement of changes in equity 10 Chief Executive’s statement 58 Remuneration Committee report 87 Consolidated cash flow statement 14 Chairman’s statement 60 Remuneration policy 88 Notes to the consolidated 16 Response to COVID-19 66 Annual report on remuneration financial statements 18 Our strategy 72 Director’s report 111 Company balance sheet 20 Strategy in action 76 Statement of Directors’ responsibilities 112 Company statement 22 Section 172 of changes in equity Environmental, social and governance 24 113 Notes to the company 33 Financial review financial statements 39 Principal risks and uncertainties 117 Alternative performance measures 44 Non-financial information statement 118 Glossary 119 Shareholder information and advisers Motorpoint Group plc Annual Report and Accounts 2021 FY21 HIGHLIGHTS Financial highlights Report Strategic Revenue Gross Margin 2021 £721.4m 2021 8.7% 2020 £1,018.0m 2020 7.8% Profit Before Tax (‘PBT’) Basic Earnings Per Share (‘EPS’) Governance 2021 £9.7m 2021 8.4p 2020 £18.8m 2020 16.4p FY21 performance and liquidity were impacted by forced branch closures and the challenging economic uncertainty caused by the COVID-19 pandemic. Strategic and operational highlights Financial Statements Financial 68,000 69% +35% vehicles sold, inc 25,000 units sold online online retail volume via Action4Cars platform growth Next day Home Delivery 9,300 available within #18 Best large vehicles home delivered 60 company to work minutes of branches for in the UK Net Promoter Score (NPS) #18 Best Large Company to #1 Best Company to work of 83 in H2 Work For in the UK, our seventh for in Wales 14 day money back consecutive year in the top 100 Employee engagement guarantee launched #1 Best Company To Work For In at records levels (bHeard) Following successful launch The Automotive Sector Stockton on Tees, our 14th of free Home Delivery, 1,000 branch opened vehicles delivered in first month Motorpoint Group plc Annual Report and Accounts 2021 1 AT A GLANCE The UK’s leading independent omnichannel vehicle retailer Our Purpose Our Vision Our Purpose is to make car buying easy. Our Vision is to be the car buyer’s We’re here to help our customers buy champion, trusted to deliver unrivalled the car they want, in the way they want. choice, value, service and quality. Our medium term strategy is to grow revenue to more than £2 billion Rapidly upscaling Increase customer Expand wholesale Operational efficiency our E-commerce acquisition and and E-commerce through technology capability retention channels and innovation Substantial increase in Increasing investment in Expanding our Further automation and technology, data and our customer proposition, E-commerce technology investment marketing investment. marketing capability Auction4Cars.com as sales migrate to and leveraging our data. platform to grow and E-commerce channels. Led by online sales accommodate new and fulfilment capacity supply channels. increase in new markets. Powered by our people See more detail on P30 Underpinned by a commitment to: Our Our people Our communities Governance Risk stakeholders and culture and the environment management See more detail See more detail See more detail See more detail See more detail on P22 on P31 on P28 on P32 on P36 Motorpoint Group plc 2 Annual Report and Accounts 2021 Strategic Report Strategic Governance Financial Statements Financial “ We’ve been protected and supported financially throughout the pandemic as well receiving training and development opportunities. I also appreciate that many of the Senior Leadership Team are approachable and friendly to colleagues of all levels.” Team Member IT Support Head Office Motorpoint Group plc Annual Report and Accounts 2021 3 AT A GLANCE CONTINUED Our Brands A Group focused on growth through two distinct channels: Motorpoint and Auction4Cars.com. Motorpoint is the UK’s leading omnichannel vehicle retailer. Auction4Cars.com is the UK’s leading independent trade car auction site. Motorpoint Auction4Cars.com Our retail offer of nearly new cars that are under three years Auction4Cars.com, a business-to-business entirely old or have completed less that 30,000 miles provides online auction market place platform, allows an efficient and customers with an omnichannel purchasing journey quick route for sale of part-exchange vehicles which do not combining online with 14 retail branches nationwide. fall into our nearly new retail criteria. The business benefits We also offer a range of commercial vehicles under from over 9,000 registered trade users. the Motorpoint brand. 20+ years Wholesale >9,000 Consumer nearly new vehicles Customers omnichannel dominance online and growing only Lowest online #1 83 buyers’ fees Low Value retailer cost base NPS from £30 Motorpoint Group plc 4 Annual Report and Accounts 2021 The Car Buyer’s Champion Report Strategic Our talented and engaged team are focused on making Car Buying Made Easy for our customers and ensuring we achieve our vision. Choice Value Choice for our customers means not only Being the biggest allows us to secure the Governance the model and price range of available best stock at competitive prices when we vehicles we stock, but also the options source stock and we pass those savings through which they can view, purchase, on to our customers. Efficient new branch and take delivery of their vehicle. capital investment and no requirement to pay for goodwill helps manage the overhead base. Service Quality Statements Financial 100% stock mobility across the UK between Motorpoint Quality Standard sits at any of our branches means we are able to the core of our operations, ensuring provide convenience-led initiatives, such we deliver the highest levels of quality as Same Day Driveaway, free Home Delivery, of product and service along the entire Contactless Collections and a range of customer journey. financing and ancillary products. Part- exchanges are competitively priced and provided and disposed through Auction4Cars.com. Our people Our people are at the heart of our business, “ I have never been in such a not least in ensuring the quality of the customer supportive working environment, experience; this is why we are determined to where everyone works as a team. continually focus on our team engagement. The management genuinely care for your well-being. I always feel motivated and enthusiastic when in work.” Team Member Customer Service Swansea See more detail on pages 23 and 29 Motorpoint Group plc Annual Report and Accounts 2021 5 INVESTMENT CASE What makes us different Key highlights Only nearly new cars Nationwide 20+ years of Always Multiple revenue – under three years / branch network customer insight and lowest price streams – Motorpoint, 30,000 miles innovation Auction4Cars.com, ancillary services and finance We make car buying easy by being online and in branch We have invested in creating a deeply embedded digital and retail omnichannel customer journey that gives the car buyer the choice of how to buy their next car in a way that fits their lifestyle. Easy to Easy to Easy to Easy to Easy to find view buy collect contact Branch Diverse and Enthusiastic In branch locations vast range of team to help stock to customer Customer browse and through the sales agents within test drive process branches Same day Friendly, highly driveaway trained team Home delivery available Reserve and both online Collect and at branch Comprehensive 360 virtual tour Finance online search of the vehicle completed in Online engine and gallery of privacy of own images with home and with technical access to all specifications information KEY BENEFITS OF BUYING FROM MOTORPOINT • Extensive Choice • Flexible Finance Options • Free Home Delivery • Great Value - Motorpoint Price Pledge • Competitive Part-exchange Prices • Same Day Driveaway • Award-Winning Service • Test Drives Available • Contactless Collections • Quality Standard • Buy Online, Collect in Branch • 14 day money back guarantee Motorpoint Group plc 6 Annual Report and Accounts 2021 MARKET OVERVIEW Strategic Report Strategic Governance Financial Statements Financial Accelerated E-commerce investment means we are well positioned to further increase market share.
Load more

Recommended publications
  • Konya Bölgesi Otomotiv Sektörü
    KONYA BÖLGESİ OTOMOTİV YAN SANAYİ SEKTÖRÜ İÇİN İHRACAT PAZAR ARAŞTIRMASI 1. GİRİŞ Dünyada gelişmiş ve gelişmekte olan hemen hemen her ülkenin lokomotif sektörlerinden biri de otomotiv ve otomotiv yan sanayi sektörüdür. Türkiye’de otomotiv ve otomotiv yan sanayi sektörü başta Marmara Bölgesi olmak üzere, çeşitli illerimizde ciddi gelişimler göstermiştir. Özellikle Bursa, İstanbul, İzmir, Kocaeli, Konya, Ankara, Adana ve Manisa Türkiye’de otomotiv ve yan sanayisinin geliştiği iller içerisinde en önemli yeri tutarlar. Türkiye’de otomotiv ve bu sektöre bağlı yan sanayi 1950’li yıllarda cılız hareketlerle başlamasına rağmen, ilk ciddi gelişim Devrim adı verilen Türk imalatı otomobillerin üretimi ile başlamıştır. Ancak Türkiye’de seri halde otomobil üretiminin Anadol markası ile 1966 yılında başladığı bilinmektedir. 1970’lerde yeni montaj hatlarının kurulmasıyla birlikte başka marka araçların da ülkemizde seri üretiminin yapıldığı görülmektedir. Otomotiv ve otomotiv yan sanayisiyle ilgili altyapı ve üst yapı yatırımları, Türkiye’nin 1980’ler ile 1990’lı yıllarında bu sektörü hızla ülke ekonomisi içerisinde üst sıralara taşımıştır. Özellikle 1996 yılında Gümrük Birliği Anlaşmasının yürürlüğe girmesi, sektörü büyük oranda dış rekabete açmış ve hızla değişen küresel koşullara uyumunu sağlamıştır. Bugün otomotiv yan sanayi sektörü Türkiye’nin en önemli imalat ve ihracatçı sektörlerinden biridir. Aşağıdaki tabloda otomotiv yan sanayi sektörünün son on yıllık ihracat ve ithalat rakamları gösterilmektedir. YILLAR OTOMOTİV AKSAM VE OTOMOTİV AKSAM VE
    [Show full text]
  • Policy-Document.Pdf
    Warranty Policy Document Sytner Select Warranty Sytner Select Assist Roadside Assistance and Recovery Sytner Select MOT Test Insurance Welcome and Contents Welcome Sytner Select Warranty, Sytner Assist and Sytner MOT Test Insurance is brought to you direct by Car Care Plan, one of the UK's leading warranty providers, and we’ve developed great value cover for Sytner customers to protect their vehicles from the cost of unexpected mechanical or electrical problems. Product Features and Benefits You choose which Sytner dealer repairs your vehicle. Car hire is included – keeping you on the road and minimising any inconvenience. Twelve months’ peace of mind cover for your vehicle. Claims limit up to your vehicle’s purchase price. Twelve months’ Sytner Assist breakdown cover included as standard. MOT Test Insurance cover included as standard. A more detailed summary of what is covered under Sytner Warranty is provided on the following pages. We look forward to continuing the journey with you. Yours sincerely Neal Stead Customer Services Manager 1 Contents General Information Your Questions Answered 3 About Us 5 Claims Phone Numbers 5 Sytner Select Warranty Parts Covered 6 Warranty Terms and Conditions 8 How to Claim 13 Important Information 14 Warranty Extra Benefits 17 Warranty Service Requirements 18 MOT Test Insurance 19 Sytner Select Assist 23 Transfer of Warranty/Recovery 28 2 General Information Your Questions Answered What’s Covered? Sytner Warranty provides an extensive level of protection – please refer to the ‘What is Covered’ section on page 6. What’s Not Covered? Consumable items such as brake pads or discs, tyres, oils and fluids, batteries and exhausts aren’t covered by Sytner Warranty – please refer to the ‘What is Not Covered’ section on page 8.
    [Show full text]
  • 2008 Annual Report
    2008 ANNUAL REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2008 " TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3086739 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2555 Telegraph Road 48302-0954 Bloomfield Hills, Michigan (Zip Code) (Address of principal executive offices) Registrant’s telephone number, including area code (248) 648-2500 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Voting Common Stock, par value $0.0001 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes " No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes " No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Annual Report and Accounts 2013-14
    PRESERVING THE PAST RECORDING THE PRESENT INFORMING THE FUTURE ANNUAL REPORT AND ACCOUNTS 2013 - 2014 © Crown copyright 2014 You may re-use this information (excluding logos and images) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence, visit http://www.nationalarchives.gov.uk/doc/open-government-licence/ or e-mail: [email protected]. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This document is also available from our website at www.nrscotland.gov.uk. National Records of Scotland General Register House 2 Princes Street Edinburgh EH1 3YY Produced for the National Records of Scotland by APS Group Scotland Published by the National Records of Scotland, October 2014 03 INTRODUCTION 04 WELCOME FROM THE CHIEF EXECUTIVE 08 REVIEW OF THE YEAR 10 LOOKING FORWARD 30 OUR PERFORMANCE 33 ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014 39 Laid before the Scottish Parliament, November 2014 SG/2014/97 National Records of Scotland Annual Report and Accounts 2013-2014 nrscotland.gov.uk 04 INTRODUCTION The National Records of Scotland has a diverse community of stakeholders and plays a central role in the cultural, social and economic life of Scotland. ABOUT US National Records of Scotland (NRS) is a Non-Ministerial Department (NMD) within the Scottish Administration (but is not an integral part of the Scottish Government). It is headed by a Chief Executive who fulfils the role of two non-ministerial office-holders, the Registrar General for Scotland and the Keeper of the Records of Scotland.
    [Show full text]
  • Skoda New Car Offers
    Skoda New Car Offers Ximenes is Londonish and miches mirthlessly as mouthiest Merell plagiarised inchmeal and barricade unconformably. When Sebastian serpentinizing his haplology liberalises not bootlessly enough, is Guthry compressible? Educational Jimmie sizzles no cinders resinifies analytically after Meredeth turpentine offensively, quite consuming. Tsi engine options for illustration purposes only in skoda offers New KODA at White Dove Whatever car your're looking for scroll through our extensive range of offers below and quickly which KODA suits you best use at. KODA AUTO as The International Website. Very pleased with a new paint options for the honda city, by reference to decide whether all budgets. Skoda dealer around diwali festive season, there is going to lender depending on on small, ambition and sharp green. Open and toyota: astle limited number of petrol engine is expected to match to buy one of. CAR serve THE YEAR 2020 It may be extra compact SUV but you wouldn't believe will once you're inside Designed to offer generous to the KAMIQ also features the. New & Used Skoda All Models Available From Hendy Skoda. At rs is authorised and tough build quality has a lender, please accept this. Both the country, we love pushing their use our approach is even with all. Will neither get on a contrasting roof rails at. We have a much. BEST NEW SKODA DEALS Buy Cars For Sale Online. The abs with the sides, people are five colour! If you consider that car competes in? Some friendly service plan that direction pointed at any minor or amount you need a car offers huge demand is still undertaken in skoda brands like.
    [Show full text]
  • Bmw + Volvo A452 Europa Way | Warwick | Cv34 6Sp
    BMW + VOLVO A452 EUROPA WAY | WARWICK | CV34 6SP PRIME AUTOMOTIVE INVESTMENT BMW + VOLVO A452 EUROPA WAY WARWICK 01 CV34 6SP INVESTMENT SUMMARY 01 • Prime car dealership destination trading Investment Summary under the BMW, Volvo and Sytner Select brands 02 • The property occupies a prominent position Location fronting the A452 Europe Way which links 03 Leamington Spa to the M40 Situation • Located on the established Heathcote Industrial Estate, 1.7 miles south east of 04 Warwick, 2.4 miles south of Royal Surrounding Leamington Spa and three miles north of Development Activity Junctions 13 and 14 of the M40 Motorway 05 • The property comprises three self contained Description buildings extending to 38,216 sq ft (3,550.4 sq m), occupying a substantial 06 site area of 3.86 acres (1.56 hectares) Accommodation • A low site coverage of circa 25% 07 • Let to Sytner Group Limited (D&B 5A1), Tenure & Tenancy the UK’s leading retailer of prestige and specialist cars, for a further 6.4 years 08 • Sytner Group are the second largest Covenant Status dealership group in the United Kingdom 09 • A current passing rent of £645,032 per UK Automotive Industry: annum (£16.88 psf) with a minimum Occupational guaranteed uplift in Oct 2017 to £766,104 pa 10 (effectively 3.5% per annum compounded) UK Automotive Industry: • Freehold Investment We are instructed to seek offers in excess of £9,000,000 (Nine Million Pounds), reflecting 11 a Net Initial Yield of 6.72% assuming VAT, EPC, Proposal, purchaser’s costs of 6.68%. This provides an & Further Information Equivalent Yield of 7.94% and Reversionary Yield of 7.98% (Oct 2017).
    [Show full text]
  • The Largest Family Businesses in the UK (Pdf)
    THE LARGEST FAMILY BUSINESSES IN THE UK RepGraph 2020 THE IFB RESEARCH FOUNDATION The IFB Research Foundation is a charity (no. 1134085) established to foster greater knowledge and understanding of family firms and their contribution to the economy and society, as well as the key challenges and opportunities that they face. The Foundation’s vision is to be the UK’s centre of excellence for family business research, and to this end its publications are designed to create a better understanding of family business for the benefit of all stakeholders. Alongside Family Business Research and White Papers, providing thought leadership on key family business characteristics and issues, its work covers a broad range of publications, including: • Family Business Sector Report – benchmarking the size and importance of the sector. • Family Business Challenges – offering practical guidance for family business owners on a broad range of topics, including family business dynamics, governance, performance, succession and wealth management. • Family Business Case Studies – showcasing family business exemplars. The Foundation disseminates knowledge and best practice guidance through printed publications, online media accessible via the IFB website and other activities. ifb.org.uk/ifb-research-foundation THE INSTITUTE FOR FAMILY BUSINESS The Foundation is independent of, but works closely with the Institute for Family Business (IFB), the not-for-profit UK family business organisation. With over 200 family business members, the IFB is also part of a global network of 4,000+ connected family companies (the Family Business Network international). Founded by a group of family business owners, the IFB has been supporting and championing family business since 2001.
    [Show full text]
  • Automotive Messenger
    Automotive Messenger May 2016 Since the last issue of Automotive Messenger, the UK new car market continues to go from strength to strength and looking ahead, if registrations continue to grow at March 2016’s rates, it is well placed to achieve another annual record of 2.7 million plus vehicles. Nevertheless, discussion is new vehicle registrations for Ford 2016. Grant Thornton’s Automotive intensifying over the levels of pre- declined by 4.91% in March 2016 and team commissioned a survey to assess registered vehicles in the UK, Europe market share fell year-on-year from the views of our clients and contacts and US. In the US, the practice of 12.88% to 11.63%, which we believe is concerning Brexit, which indicates that self-registering (known there as due to the change in their strategy. Is 60% wanted to remain in the EU. (See 'punching') is widely and openly Ford’s strategy a brave and sensible one, page 10 for more detail.) acknowledged in the media among or is Ford swimming against a tidal wave In this issue of Automotive both manufacturers and dealers. of pre-registration? Only time will tell. Messenger we also discuss other topical At the recent Geneva Motor Joe Eberhardt from Jaguar Land news and current issues in the market Show, Jim Farley – Ford of Europe Rover – CEO, North America – including: the March 2016 registrations; President – said the automaker had suggests that generous discounting customer mobility; the changing tried to minimise two unprofitable sales and pre-registering have changed the influence of the smartphone and mobile channels: dealer self-registered vehicles way customers purchase vehicles.
    [Show full text]
  • Europe's Biggest Dealers
    Automotive News Europe 2010 GUIDE TO crain EUROPE’S BIGGEST DEALERS 1 Porsche Holding 2 Emil Frey 2009 new-car sales: 473,512 2009 new-car sales: 190,000 2009 revenue: €13.65 bn 2009 revenue: €4.00 bn Points of sale: 334 Points of sale: 276 CEO: Wolf-Dieter Hellmaier Autobiz data courtesy of Autobiz Guide to European Dealer Groups Chairman: Walter Frey available from www.autobiz.fr. Tel: +33 1 41 44 91 06 Web site: www.porsche-holding.com Web site: www.emilfrey.ch Source: Autobiz Guide to European Dealer Groups Source: Autobiz Guide to European Dealer Groups VW integration looms Top 25 ranked by new-car sales Branching into electric cars Porsche Holding boosted Porsche’s integration into VW, Originally operating only in and Bentley dealerships in its new-car sales in 2009 by the Porsche and Piëch families Rank Company Country Sales 2009* Sales 2008 Germany, France and Switzer- Germany. It plans to add Euro- expanding into Greece, Serbia agreed to sell the dealer group land, Emil Frey has moved into pean distribution of the Fisker and Ukraine. Some 260 of to VW from 2011. The busi- (unit sales) (unit sales) central Europe. In 2009, the electric-car brand to its luxury the company’s dealers sell ness was assigned an enterprise 1. Porsche Holding Austria 473,512 470,421 group used the auto industry portfolio, which also includes VW Group brands. As part of value of 3.55 billion euros. 2. Emil Frey Switzerland 190,000 191,000 crisis to acquire insolvent Ford BMW, Aston Martin and Mini.
    [Show full text]
  • Welfare Policy in Scotland
    House of Commons Scottish Affairs Committee Welfare policy in Scotland Second Report of Session 2021–22 Report, together with formal minutes relating to the report Ordered by the House of Commons to be printed 17 June 2021 HC 55 Published on 23 June 2021 by authority of the House of Commons The Scottish Affairs Committee The Scottish Affairs Committee is appointed by the House of Commons to examine the expenditure, administration and policy of the Scotland Office (including (i) relations with the Scottish Parliament and (ii) administration and expenditure of the offices of the Advocate General for Scotland (but excluding individual cases and advice given within government by the Advocate General)). Current membership Pete Wishart MP (Scottish National Party, Perth and North Perthshire) (Chair) Mhairi Black MP (Scottish National Party, Paisley and Renfrewshire South) Andrew Bowie MP (Conservative, West Aberdeenshire and Kincardine) Deidre Brock MP (Scottish National Party, Edinburgh North and Leith) Wendy Chamberlain MP (Liberal Democrat, North East Fife) Alberto Costa MP (Conservative, South Leicestershire) Jon Cruddas MP (Labour, Dagenham and Rainham) Sally-Ann Hart MP (Conservative, Hastings and Rye) John Lamont MP (Conservative, Berwickshire, Roxburgh and Selkirk) Douglas Ross MP (Conservative, Moray) Liz Twist MP (Labour, Blaydon) Powers The Committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No.152. These are available on the internet via www.parliament.uk. Publication © Parliamentary Copyright House of Commons 2021. This publication may be reproduced under the terms of the Open Parliament Licence, which is published at www.parliament.uk/copyright.
    [Show full text]
  • Roadside Assistance IPID
    Sytner Assist Insurance Product Information Document Company: Sytner Group Limited Product: Roadside Assistance This insurance is provided by Sytner Group Limited, a company registered in the UK. Sytner Group Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register number: 310540. This document contains some important facts about Sytner Assist. It is to be regarded as only a summary of cover to help assist you in making an informed purchase decision. Full terms and conditions of the policy are provided in your policy document. Please take time to read this policy document to make sure you understand the cover it provides. What is this type of insurance? In the event of a breakdown, Sytner Assist will cover you for the costs involved with the roadside assistance or recovery of your vehicle due to mechanical or electrical failure. This insurance is underwritten by Motors Insurance Company Limited which is registered in the UK. Motors Insurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Financial Services Register number: 202875. What is insured? What is not insured? Sytner Assist provides the following services: The cost of any parts, components or materials Roadside Assistance and Nationwide/Local used to repair the vehicle. Recovery – If your vehicle breaks down, sustains Any costs or expenses not authorised by our a puncture or is involved in an accident, we Rescue Controllers. will try to repair your vehicle at the roadside. Any service or insurance cover where remedial If we cannot repair the vehicle we will either action has not taken place following a previous take your vehicle, you and up to 5 passengers breakdown.
    [Show full text]
  • Market Watch
    AMi Market Watch contents • H1 new car registration performance • Sales per franchised outlet data and brand comparison for 2013 and historic • Sales per franchised outlet segmented into brand type (volume, i premium etc) Market Watch • Dealer group financial status report August 2013 on 2012 • AM100 spring 2013 analysis Welcome to the second issue of AMi Market Watch, a quarterly update of the major events in the car retail market, • New car launch activity this year providing insight and analysis, together with a look at the • Dealer group acquisition activity attitudes and confidence of dealers and manufacturers. • News summary The primary source of data is AM’s information portal AMi (www.am-online.com/ami) together with insight from the • New car pricing and finance offer SMMT and AM’s research and insight business Sewell’s. trends Price £250 i Market Watch Winners and losers New car in the June market Winners: Suzuki: volume growth registrations of 38.14% in June Renault: + 34.27% – Q2 2013 Ford: + 31.89% Vauxhall: + 16.57% Maserati: + 66.67% Volumes in Q2 rose 13% this year, posting the Aston Martin: + 61.67% strongest quarterly rise since Q3 2011. VW: + 14.43% UK new car registrations continued to rise across private, fleet and business sales types, although private demand has secured the most significant growth. Lotus: + 466.67% Registrations in June grew 13.4% securing a 16th successive month of growth and pushing half year volumes through the one million mark. Losers: The UK continues to buck new car market trends in some EU27 countries, with buyers returning to the market after a sustained hold-off from purchasing new vehicles, enticing finance deals and desire to switch Chrysler: down 32.26% to more fuel-efficient models driving market growth.
    [Show full text]