Aston Barclay gets big money backing
Aston Barclay has secured a multi-million pound investment from Rutland Partners.
The move 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 one of 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 now non-executive chairman of Sytner Group.
The new era sees Aston Barclay also announce the development of a new 18-acre Super Centre at Donington Park, which will become one of the largest state-of-the-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.
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.’