DOCSLIB.ORG

BMW & Mini, 501 Dunstable Road, Luton, LU4

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BMW & Mini, 501 Dunstable Road, Luton, LU4 HIGH QUALITY PRIME CAR SHOWROOM INVESTMENT SHOWROOM CAR PRIME HIGH QUALITY BMW & Mini 501 DUNSTABLE ROAD � LUTON � LU4 8QN A14 Northampton A428 CAMBRIDGE Investment Summary. Location.A5 A11 Bedford M1 A1 A421 Excellently positioned fronting A43 Situated on the Madford onto the A505, the main arterial Retail Park, 2 miles north west Milton Keynes route which leads directly from of Luton Town Centre, 20 miles the M1 (J11), 1 mile to the west, to south east of Milton Keynes A6 the centre of Luton M11 A5 A10 Two adjoining modern glazed showrooms, refurbished in 2016 Floor Area: 37,400 sq ft Stevenage Luton 80 display bays (293 in total) Site Area: 2.3 acres A41 A418 11 Workshops and large parking (29% site coverage) provisions Aylesbury A1(M) M1 Single let to Ivor Holmes Limited A41 Harlow Guaranteed by Specialist Cars 21 21a Holdings Limited (D&B Rating AWULT: 17.8 yrs (to expiry) 4A1) M40 AGA from Pendragon PLC until Watford M25 Dec 2031 M25 Marketing Rent: RPI-linked annual rent reviews £ £310,277 pa (£7.85 psf) capped at 2.77% pa Refurbished in 2016 by the Tenure: Freehold tenant at a cost of £2 million Proposal We are instructed to seek offers for the freehold interest in excess of £5,550,000 subject to contract and exclusive of VAT. A purchase at this level would refl ect an attractiveNet Initial Yield of 5.25% and a low capital value of £148 per sq ft, after deducting purchasers costs of 6.61%. Site Plan. Site *boundary for indicative purposes only 2 BMW & MINI � 501 DUNSTABLE ROAD, LUTON, LU4 8QN 17 16 TO LONDON M1 LUTON STATION 15 J11 14 TO LONDON Sovereign Park 12 13 Bilton Way 9 Industrial Estate 10 11 Local 7 8 Occupiers. 6 2 5 1 1. Currys PC World, McDonalds & Next Madford Retail Park 2. Arriva 3. Tyre City 3 4. The Range 4 5. Pizza Hut A505 6. KFC 7. Hatters Way Retail Park 8. SCS Sofa 9. Hertz, B&Q, Trade Point 10. Aldi 11. SOS Direct Mail 12. Screwfi x TO M1 (J11) 13. SH Pratt Group 14. Bestway Cash & Carry 15. Toyota 16. Vauxhall 17. London Luton Airport BMW & MINI � 501 DUNSTABLE ROAD, LUTON, LU4 8QN 3 Tenancy Information. Total Area Lease Lease Break Next Rent review Contracted Contracted Property Tenant Name Guarantor Sq Ft Start Expiry Option Review mechanism Rent pa Rent psf* BMW & Mini, 501 Specialist Cars Ivor Holmes Annual RPI Dunstable Road, Luton, Holdings Limited 37,400 22-Oct-2006 21-Dec-2036 - 25-Dec-2019 £310,277 £7.85 Limited capped 2.77% LU4 8QN (D&B Rating 4A1) *Rent psf apportioned on the basis that external car display bays and compounds are rentalised separately. Rental breakdown available on request. Rent Review Provision. Covenant. Accommodation. Annual rent reviews on 25 December which are calculated as The property was assigned in to Ivor Holmes Limited (N2) The building has been measured in accordance the lesser of the rent payable immediately before the review in 2017. Pendragon PLC (D&B Rating 5A1) are providing an with the RICS Code of Measuring Practice (Sixth date (“the Rent”) subject to RPI linked increases and the Rent AGA for the remainder of the original lease to December Edition) and provides the following Gross Internal multiplied by 102.77%. The reversionary lease, commencing 2031. A reversionary lease has been agreed to extend the Areas: December 2031 has a day one rent review and no further reviews. term by 5 years to December 2036. The reversionary lease is guaranteed by Specialist Cars Holdings Limited (D&B Rating 4A1), and are one of the largest privately owned Accommodation Sq M Sq Ft Franchise Information. BMW and MINI dealers in the UK. GROUND FLOOR: Financial Summaries are set out below. BMW and Mini are part of the BMW Group, which also Showroom & Ancillary 1,476 15,908 encompasses Rolls Royce. In the UK, BMW has a market share of 7.3% (Dec 2018), an increase on the 2017 figure of 6.9%. Similarly, IVOR HOLMES LTD 31-Dec-15 31-Dec-16 31-Dec-17 Workshops, Parts & Valet 1,215 13,061 Mini’s market share also increased in 2018 to 2.8% (Dec 2018), up from 2.7% in the previous year. BMW sold 172,048 new cars in 2018, TURNOVER £36,029,404 £37,689,599 £37,483,646 FIRST FLOOR: placing them 5th in the UK by market share, and Mini sold 67,021 PROFIT /(LOSS) -£356,240 -£502,648 -£462,377 Office Areas & Ancillary 783 8,431 new cars, placing them 14th. BEFORE TAX TOTAL GIA 3,474 37,400* TANGIBLE NET - - - BMW Group have invested nearly £2 billion in its UK operations WORTH since 2000. MINI was ranked as the 7th best-selling car of 2018, Display Parking 80 with 44,904 registrations. They are ranked 5th overall in the SEPCIALIST CARS 31-Dec-15 31-Dec-16 31-Dec-17 Customer & Additional Parking 158 Summer 2018 Dealer Attitude Survey with a score of 7.5 (average HOLDINGS LTD score 5.7), with BMW ranked 11th with a score of 6.0. BMW was an TOTAL PARKING 238 SPACES early entrant to the electric vehicle game having launched the TURNOVER £196,946,253 £196,210,755 £178,175,906 i3 in 2017. BMW’s electric vehicle range has since been added PROFIT /(LOSS) £2,162,267 £1,911,892 £926,184 *Including 2,259 sq ft of tenant improvement works to with two hybrid sports cars; the i8 and i8 Roadster. Mini has a BEFORE TAX growing range of new car designs and updated technology, and TANGIBLE NET £17,597,585 £17,884,855 £19,514,398 has created a new electric car due to go on sale in 2019. WORTH 4 BMW & MINI • 501 DUNSTABLE ROAD, LUTON, LU4 8QN Nearby M1 ADULT CATCHMENT POPULATION Dealerships. Luton & Sundown A5 Industrial Estate 5 MILES North Luton 400,000 Industrial Estate 10 MILES FRANCHISE - DEALER Cradock 675,000 Industrial Estate A505 5 1. M1 Citroen & Subaru - Slip End Sovereign Garages TOTAL POPULATION 3 Park EARNING £20,000+ PA Cosgrove 2. Ford - Hartwell London Industrial Estate (AGE 18+ YEARS) 8 LUTON Luton 3. Hyundai - Perrys Airport 2 Royal London 6 7 5 MILES Mall M1 4. Mazda & Kia - Brayley 84,000 Firbank & Dalroad The Business Centre 5. Kia - Grovebury Cars Industrial Estates & Barratt Industrial 10 MILES Park 6. Toyota - Steven Eagell A5183 202,000 1 Capability Green 7. Vauxhall - Thurlow Nunn Business Park 8. Vauxhall - Thurlow Nunn M1 DRIVE TIME TO NEAREST TOWNS / CITIES 25 MINUTES MILTON KEYNES 4 (18 MILES) 30 MINUTES WATFORD (17 MILES) 35 MINUTES STEVENAGE (16 MILES) 45 MINUTES AYLESBURY (20 MILES) 45 MINUTES CAMBRIDGE (42 MILES) 55 MINUTES LONDON (36 MILES) M1 Automotive Market Commentary. THE BREAKDOWN OF UK CARS ON THE ROAD BY CAR AGE (2018) 7 years old + The UK used car market remains strong with 7.61 million vehicles sold in 2018. Although the number of used car sales showed a small decline of 2.2% year-on-year, the used car market remains approximately 3.2 times the size of the new car market. New car sales were marginally down in 2018 as a result of the lack of supply from 4-6 years old manufacturers which were hindered by the introduction of Worldwide Harmonised Light Vehicle Test Procedure. Despite the prevailing supply constraints, there were still 2.37 million new vehicle registrations in 2018 which is above the 10 year average of 2.35 million. Less than 3 years old The recent strong sales figures have been driven by increased petrol car sales (up 9% y-o-y), and Alternative Fuel Vehicle (AFV) sales (up 21% y-o-y). Registrations of AFVs have increased by 290% since 2015, highlighting their popularity amongst consumers 0% 10% 20% 30% 40% 60% which is pushing manufacturers to continually advance their technologies. There are 40 plug-in electric vehicles (EVs) now available in the UK market, with a further 20 due in 2019 alone. The drive for greener vehicles alongside regulatory change has instigated a structural Some dealerships are looking to reposition their properties by proactively rolling out shift in the automotive market. The majority of manufacturers now expect that a enhanced and consumer focussed aftersales services. The main determinant of this quarter of sales will be from EVs by 2023, as emphasised by average waiting times market is the number of vehicles on the road, which has risen 0.9% over 2018 to 34.6 with orders for a new factory ordered cars now taking 10-12 weeks, whilst wait times million vehicles. for EVs are often reported to be in excess of 6 months. The graph highlights that in 2018, 79% of cars on the road in the UK were over 4 years old. This underpins the strong demand for servicing, maintenance and repair, which continues to remain robust for safety, economic and performance reasons. Furthermore, this provides an opportunity for dealerships to expand and innovate their aftersales offering, and it is widely anticipated that automotive retailers will need to adopt these changers in order to maintain their respective market share. There is a distinction between the manufacturer and distributor sides of the UK motor industry which is particularly important in light of some recent notable manufacturing relocations and Brexit related noise. Not all the recent UK manufacturing relocations are Brexit related, with Honda’s recently relocating to Japan in order to better serve the larger Asian and US markets that account for 95% of their global sales.
Load more

Recommended publications
  • Auto 04 Temp.Qxd
    FORD AUTOTEAM THE MAGAZINE FOR ALL FORD DEALER STAFF ISSUE 3/2016 EDITORIAL Changing Times It’s all change for the management team at the Henry Ford Academy. Stuart Harris has moved on to a new position within Ford of Europe and, as I move into his role, I hope to continue with his goal of driving up training standards. Also joining the team is new Academy Principle, Kevin Perks, who brings with him a lifetime of automotive industry experience. Dan Savoury, the new Vice Principal, joined the Academy earlier this year and also has a wealth of industry and training experience that will help us continue to improve our training which, in turn, benefits your business. I hope to use the experience gained in my previous sales and marketing roles within Ford to help our training continue to grow in scope and quality. It is a really exciting time to be a part of the Ford family; with new vehicles joining the range and new technology transforming the industry more widely. Good training is vital to our success and we continue to strive to achieve the highest standards and keep you up to date with this rapidly changing industry, from the technical training for the All-new Ford Mustang detailed on page 4, to ensuring our Commercial Vehicle Sales staff can give their customers the best advice with courses such as Commercial Vehicle Type Approval and Legislation on page 30. The success of our training programmes is demonstrated in this issue, with Chelsea Riddle from TrustFord in Bradford a great example of what the Ford Masters Apprenticeship scheme offers to young people, or the success that Mike Gates from Dinnages Ford in Burgess Hill has achieved with a university scholarship through the Henry Ford Academy.
    [Show full text]
  • 2013 ANNUAL REPORT the UK’S Leading Car Retailer CONTENTS
    2013 ANNUAL REPORT The UK’s leading car retailer CONTENTS AT A GLANCE 2 OUR OPERATIONAL AND FINANCIAL HIGHLIGHTS 7 OUR CHAIRMAN 11 OUR MARKETS AND BUSINESSES 12 Our Markets 12 Our Businesses 20 OUR BUSINESS MODEL AND STRATEGY 26 Business Model 26 STRATEGIC REVIEW Strategy 28 Key Performance Indicators 30 Risk Overview and Management 34 Our People 38 OPERATIONAL AND FINANCIAL REVIEW 40 Operational Review 40 Financial Review 44 DIRECTORS' REPORTS 50 Board of Directors 51 Chairman's Corporate Governance Letter to Shareholders 52 Corporate Governance Report 53 Corporate Social Responsibility Report 59 Committee Reports 62 Directors' Remuneration Report 68 GOVERNANCE Directors' Report 90 Directors' Responsibility Statement 96 INDEPENDENT AUDITORS REPORT 98 FINANCIAL STATEMENTS 102 Consolidated Income Statement 102 Consolidated Statement of Comprehensive Income 103 Consolidated Statement of Changes in Equity 104 Consolidated Balance Sheet 105 Consolidated Cash Flow Statement 106 Reconciliation of Net Cash Flow to Movement in Net Debt 107 FINANCIALS Notes to the Financial Statements 108 Company Balance Sheet 171 Reconciliation of Movements in Shareholders’ Funds of the Company 172 Notes to the Financial Statements of the Company 173 Shareholder Information 180 5 Year Group Review 181 AT A GLANCE THE UK’S LEADING AUTOMOTIVE RETAILER Pendragon’s principal markets are the retailing of new and used vehicles and the service and repair of vehicles (aftersales). Pendragon also operates in the dealership management system, leasing and wholesales parts markets. Brands Stratstone California 02 Mercedes-Benz GL 63 AMG available from Stratstone.com 02 AT A GLANCE What we do The UK's leading automotive retailer in the UK with 225 franchise points selling new and used vehicles and conducting service and repair activity (aftersales).
    [Show full text]
  • UK Annual Report 2015 (Including the Transparency Report)
    Investing to become the Clear Choice UK Annual Report 2015 (including the Transparency Report) December 2015 KPMG.com/uk Highlights Strategic report Profit before tax and Revenue members’ profit shares £1,958m £383m (2014: £1,909m) (2014: £414m) +2.6% -7% 2013 2014 2015 2013 2014 2015 Average partner Total tax payable remuneration to HMRC £623k £786m (2014: £715K) (2014: £711m) -13% +11% 2013 2014 2015 2013 2014 2015 Contribution Our people UK employees KPMG LLP Annual Report 2015 Annual Report KPMG LLP 11,652 Audit Advisory Partners Tax 617 Community support Organisations supported Audit Tax Advisory Contribution Contribution Contribution £197m £151m £308m (2014: £181m) (2014: £129m) (2014: £324m) 1,049 +9% +17% –5% (2014: 878) © 2015 KPMG LLP, a UK limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Strategic report Contents Strategic report 4 Chairman’s statement 10 Strategy 12 Our business model 16 Financial overview 18 Audit 22 Solutions 28 International Markets and Government 32 National Markets 36 People and resources 40 Corporate Responsibility 46 Our taxes paid and collected 47 Independent limited assurance report Governance 52 Our structure and governance 54 LLP governance 58 Activities of the Audit & Risk Committee in the year 59 Activities of the Nomination & Remuneration Committee in the year KPMG in the UK is one of 60 Activities of the Ethics Committee in the year 61 Quality and risk management the largest member firms 2015 Annual Report KPMG LLP 61 Risk, potential impact and mitigations of KPMG’s global network 63 Audit quality indicators 66 Statement by the Board of KPMG LLP providing Audit, Tax and on effectiveness of internal controls and independence Advisory services.
    [Show full text]
  • In Auto Retail 2006
    Who’s Where 2006 IN AUTO RETAIL 2006 CONTENTS Life after the location clause p2 The automotive team at PricewaterhouseCoopers considers the opportunities offered by the abolition of the location clause across Europe 100 leading UK auto retail groups p5 Leading auto retail groups listed alphabetically including head office contacts, trading names and franchise locations All UK franchised retailers p23 All UK franchised retailers listed by town & postcode including contact details, franchises held and, where available, ownership details England p23 Scotland p111 Wales p123 Northern Ireland p129 Channel Islands p133 Used car retailers p135 The major used car supermarket groups including head office contact details, sales sites and stock levels Internet retailers p139 The leading internet retailers including head office contact details, internet site addresses and types of cars remarketed Car manufacturers p141 All UK car wholesale distributors including head office contact details, sales contacts, and franchise development heads All data and information in this report remains the copyright of Automotive Data and Automotive Retail Ltd. No reproduction in whole or part, including photocopying, is permitted without the written consent and license of Automotive Data or Automotive Retail Ltd. The information contained herein includes tracking features which may be used to trace any breach of copyright. While every effort has been made to ensure the quality of the information provided, Automotive Retail Ltd and its partners will not be held responsible for any errors or omissions. No warranty (expressed or implied) is given as to the accuracy or completeness of the document. OUR DATA SOURCE ELECTRONIC DATA CAN BE PURCHASED AT: WWW.AUTOMOTIVEDATA.CO.UK The core data for the franchised auto retailer section of WHO’S WHERE 2006 has been provided under exclusive license to Auto Retail Network by Automotive Data (www.automotivedata.co.uk) - the leading supplier of franchised retailer databases to the industry.
    [Show full text]
  • CRR 446/2002 a Study of the Provision of Health and Safety Information in the Annual Reports of the Top UK Companies
    HSE Health & Safety Executive A study of the provision of health and safety information in the annual reports of the top UK companies Prepared by System Concepts Ltd for the Health and Safety Executive CONTRACT RESEARCH REPORT 446/2002 HSE Health & Safety Executive A study of the provision of health and safety information in the annual reports of the top UK companies Laura Peebles, Ansgar Kupper and Tanya Heasman System Concepts Ltd 2 Savoy Court Strand London WC2R 0EZ This report details the findings of a research project to investigate the quality and quantity of health and safety information found in the annual reports of the top UK companies. At present, publicly listed companies are not legally required to include health and safety matters in their annual reports. The current Health and Safety Commission (HSC) Strategy Statement, however, contains an action point which focuses on public reporting of health and safety issues by larger companies. The aim is to promote the reporting of health and safety information in company annual reports and to provide guidance that would allow reporting of such information to a common standard. To assist the HSC with this strategy, System Concepts were commissioned by the Health and Safety Executive (HSE) to undertake an investigation of the provision of health and safety information in company annual reports. The study comprised a series of steps. The main objectives of the study were: i) To determine the current level of reporting of health and safety issues in annual reports of the top UK companies ii) To determine the quality of health and safety information reported.
    [Show full text]
  • 2020 Annual Report in This Report
    2020 ANNUAL REPORT IN THIS REPORT Pendragon delivered a strong second half result both operationally and financially, with the Group’s performance in the period more than offsetting the losses incurred in the first half driven by the disruption of the COVID-19 pandemic. As a result, the Group reported a full year underlying profit before tax of £8.2m (FY19: underlying loss before tax of £16.4m). The Group responded well to the changing trading dynamic over the year, supported by an incredible response from its people through a period of unprecedented disruption and change. During the first half, the Group focussed on protecting both its people and the financial health of the business. In the second half, and following on from work started before the pandemic, the Group took rapid and decisive action to realise material efficiency gains resulting in a significantly lower cost base. The Group also accelerated the development of its underlying digital capabilities improving the ability to trade across both physical and digital channels. The Group has made great strides with the new strategy to transform automotive retail through digital innovation and operational excellence ‘ ’ The strategy includes financial targets intended to restore the Group to sustainable profit growth and deliver attractive returns for stakeholders, targeting underlying profit before tax of £85-90m by FY25. The strategy comprises three pillars: 1. Unlock value in the franchised UK motor division 2. Grow and diversify Pinewood 3. Disrupt standalone used cars 2 Pendragon
    [Show full text]
  • Annual Report & Accounts 2019
    Annual Report & Accounts 2019 OUR STRATEGY Working closely with our customers, we deliver technologically differentiated systems and products with high certification requirements in aerospace, defence and selected energy markets. Through focusing on engineering and operational excellence, we build broad installed bases of equipment for which we provide support and services throughout their lifecycle. Our ambitious and diverse teams act with integrity to create superior and sustainable value for all of our stakeholders. 001 Strategic Report What’s in the report Contents Strategic Report Our Vision 03 Highlights 04 At a glance page 02 With innovation at the heart of Governance 06 Chairman’s statement what we do, we’ve been enabling 08 Chief Executive’s statement the extraordinary for over 160 12 Our business model years and continue to redefine 14 Our strategy our world through pioneering, 24 Market review sustainable technology for the 30 Divisional reviews page 08 38 Key performance indicators most extreme environments. 44 Risk management Financial Statements 46 Principal risks and uncertainties CEO 52 Chief Financial Officer’s review Statement 58 Corporate responsibility In 2019, we delivered Governance another year of strong 74 Chairman’s introduction organic growth and made 76 Board of Directors continued progress on our 80 Corporate governance report strategic initiatives. 86 Audit Committee report 90 Nominations Committee report 92 Directors’ remuneration report Other Information page 12 117 Directors’ report page 14 Group Financial
    [Show full text]
  • Top 50 Leasing Companies
    ANALYSIS: TOP 50 LEASING COMPANIES The top 50 leasing companies and their on-risk size of fleet (the number of cars for which the lease firm carries the RV risk) Company Change 2012 2011 Boss Parent company Contact from ’11 ▼ 1. Lex Autolease ▲ 268,240 280,218 Rick Francis Lloyds 0800 389 3690 www.lexautolease.co.uk ▼ 2. Leaseplan ▲ 134,115 130,200 David Brennan Leaseplan Corporation 0844 493 5810 www.leaseplan.co.uk 3. Alphabet ▲ 3 109,236 50,396 Richard Schooling BMW AG 0870 505 0100 www.alphabet.co.uk 4. Arval ▼ 1 85,612 86,932 Bart Beckers BNP Paribas 01793 887000 www.arval.co.uk ▼ 5. ALD ▲ 80,331 63,561 Keith Allen Societe Generale 0870 001 1181 www.aldautomotive.co.uk 6. Volkswagen Group ▲ 1 59,936 49,437 Graham Wheeler Volkswagen Financial 0870 333 2229 Leasing Services www.volkswagengroupleasing.co.uk 7. Arnold Clark ▲ 4 49,483 42,019* Hugh Wallace Arnold Clark Automobiles 01413 322626 www.acvm.co.uk 8. GE Capital ▲ 2 43,685 43,495 John Jenkins GE (General Electric) 0870 444 9020 www.gecapital.co.uk/fleet 9. BT Fleet ▲ 5 32,150 33,083 David Bowen BT Group 0800 032 0012 www.btfleet.com 10. Hitachi Capital ▲ 3 28,889 34,065 Robert Wastell Hitachi Ltd 0844 463 2900 www.hitachicapitalvehiclesolutions.co.uk 11. Inchcape ▲ 4 24,249 22,455 Steve Archer Inchcape PLC 0870 191 4444 Fleet Solutions www.ifs.inchcape.co.uk 12. Citroen ▲ 4 23,448 22,392 Duncan Chumley Banque PSA Finance 0845 013 0761 Contract Motoring www.citroen-contract-motoring.co.uk 13.
    [Show full text]
  • J20390 Interim Report 3/9/07 14:25 Page 2
    J20390_Interim Report 3/9/07 14:25 Page 2 Pendragon PLC Interim Report 2007 J20390_Interim Report 3/9/07 14:25 Page 3 FINANCIAL HIGHLIGHTS Unaudited) Unaudited) 6 months) 6 months) to 30.06.07) to 30.06.06) £m) £m) Revenue 2,702p 2,625p Profit before tax and exceptionals 32.7p 43.0p Underlying operating margin 2.3% 2.8% Profit before tax 33.5p 51.5p Adjusted earnings per share 3.5p 4.7p Dividend per share up 38% 2.00p 1.45p Net assets 337.3p 286.5p Gearing 86% 208%) 1 J20390_Interim Report 3/9/07 14:25 Page 4 CHIEF EXECUTIVE’S OPERATIONAL REVIEW Introduction Trading performance in the first six months of the year has been affected by a slowdown in consumer demand, as we highlighted in our June trading update. This has led to an oversupply of new cars, forced into the market by manufacturer incentives and pre registrations by dealers and, as a consequence, used car margins have declined. Pendragon’s aftersales business has performed well and we have had good results in our support businesses such as Pinewood Technologies and our leasing companies. The group has continued to generate significant amounts of cash which have been used to reduce borrowings and further strengthen our balance sheet. We are reporting adjusted earnings per share of 3.5 pence for the period compared to 4.7 pence in 2006 and an interim dividend of 2.0 pence per share compared to an interim dividend of 1.45 pence in 2006. The increase in dividend is in line with indications given in our AGM statement and represents an increase of 38%.
    [Show full text]
  • Quality Engineering for Dealerships
    Mercedes-Benz Pulman Skoda Harley Davidson Quality Engineering for Dealerships Jaguar Land Rover Pulman VW Jennings Commercial BMW Hodgson Mercedes-Benz Pulman Skoda Harley Davidson Client: Inchcape/Pendragon Client: Pulman Group Client: S Jennings Project Value: £9 million Project Value: £3 million Project Value: £0.75 million Description: Description: Description: The glitzy new outlet sees the dealership move across New build car dealership and workshop with anciliary cafe Refurbishment of existing building to create a showroom the city from its base of 20 years onto a former and hospitality areas located in Belmont, County Durham. and construction of new build workshop area, in brownfield site in Coventry. Designed in strict accordance with Skoda requirements accordance with Harley Davidson guidelines. The design of the new building reflects the latest and design guidelines. Including requirements from Mercedes-Benz UK, in addition to installation of specialist internal and external logo signage. offering the customer new and used cars, an MOT/ service facility, valeting and customer parking. Quality Engineering for Dealerships Client: Inchcape Project Value: £7.5 million Client: Pulman Group Description: Project Value: £0.5 million Impressive new amalgamated dealership featuring state-of-the-art facilities in York. York was the first of three dealerships completed with others in Derby and Norwich currently underway. Description: Invigoration of existing showroom located in Pity Me, County Durham, including remodelling of internal spaces. Jaguar Land Rover Pulman VW Jennings Commercial BMW Hodgson Client: Jennings Ford Client: Pendragon PLC Client: Hodgson Newcastle Ltd Project Value: £0.5 million Project Value: £5 million Project Value: £4.5 million Description: Description: Description: New build construction of dedicated commercial vehicle Refurbishment of 2 No Stratstone BMW showrooms in New build showroom and workshop on a live forecourt showroom located in Dunston, Gateshead.
    [Show full text]
  • 2011 Annual Report Pendragon Plc
    2011 ANNUAL REPORT PENDRAGON PLC “THE UK’S LEADING AUTOMOTIVE RETAILER” Pendragon PLC OVERVIEW CONTENTS OVERVIEW 3. At a Glance OUR MARKETS 4. Our Business Summary 6. Accolades 7. Financial Highlights 8. Chairman’s Statement 9. Our Board 10. Q&A With Our Executive Team OUR MARKETS 12. Our Principal Markets 14. Our Support Markets OUR BUSINESS OUR BUSINESS 16. Stratstone 17. Evans Halshaw 18. Chatfields 19. California 20. Support Businesses OUR STRATEGY & PROGRESS 22. Our Business Model and Strategy 24. Operating Review & PROGRESS OUR STRATEGY 30. Financial Review DIRECTORS’ REPORT 34. Directors’ Report 44. Corporate Governance Report 54. Directors’ Remuneration Report 65. Directors’ Responsibilities Statement 66. Independent Auditor’s Report to the Members of Pendragon PLC FINANCIAL STATEMENTS DIRECTORS’ REPORT 67. Consolidated Income Statement 68. Consolidated Statement of Comprehensive Income 68. Consolidated Statement of Changes in Equity 69. Consolidated Balance Sheet 70. Consolidated Cash Flow Statement 71. Notes to the Financial Statements 132. Company Balance Sheet 133. Reconciliation of Movements in Shareholders’ Funds of the Company 133. Notes to the Financial Statements of the Company 140. Shareholder Information 141. 5 Year Group Review FINANCIAL STATEMENTS www.pendragonplc.com 02 OVERVIEW AT A GLANCE Pendragon at a Glance Pendragon is the UK’s leading automotive retailer with 235 worldwide franchise points. Pendragon PLC OUR MARKETS Pendragon’s principal markets are the retailing of new and used vehicles and the service and repair of vehicles (aftersales). Pendragon also operates in the wholesale parts, leasing and dealership management system markets. OUR BUSINESS We operate with seven main segments: Stratstone, Evans Halshaw, Chatfields, California, Leasing, Quickco and Pinewood.
    [Show full text]
  • Achieving Excellence 2013 European Shareholder Value Awards
    Achieving excellence 2013 European Shareholder Value Awards June 2013 On behalf of PwC and Automotive News Europe, we are pleased to announce the winners of the 2013 European Shareholder Value Awards in conjunction with the 16th Annual Automotive News Europe Congress. While the industry wrestles with a volatile global economy and the struggles in the euro zone, automotive companies are redefining the way they go to market. We would like to congratulate a handful of companies who have identified growth opportunities which have delivered returns to their shareholders. The PwC European Automotive Shareholder Value Index (SVI) has become accepted as the standard measure of relative shareholder value in the automotive industry. Much of the SVI’s success lies in its simplicity. It looks at the value of €100 invested in a stock over one- and three-year periods, and compares relative returns generated by different companies and industry segments. The result is an objective and reliable measure of shareholder value for stock market-listed automotive companies. The SVI takes into account rise and falls in a company’s share price, dividends, share buy backs and new share issues. Because it is based on the investment of €100, movements in exchange rates also impact the global index and specific company returns. The SVI represents the average return of each portfolio weighted according to the market capitalization of common constituents. The SVI recognizes the highest total shareholder return for European Vehicle Manufacturers, Parts Suppliers and Retailer over one-year and three-year periods ending 31 March 2013. The European Automotive Shareholder Value Awards are presented annually at the Automotive News Europe Congress.
    [Show full text]