Tag Archives: Motorpoint

Motorpoint Group has raised £5m from the sale and leaseback of its freehold branch in Stockton on Tees. Motorpoint simultaneously entered into a 25-year lease at an initial rent of £350k per annum. The net proceeds of the sale strengthen its balance sheet and will be used to invest in the group. Motorpoint has also struck a deal with its ...

Motorpoint has said that it expects to report revenues of c.£1,320m (FY21: £722m), an increase of c.82% against FY21. The Group saw retail units grow by c.45% on FY21, despite the well documented reduced supply of vehicles during the period. Auction4Cars.com wholesale units grew by c.35%. It said that strategic capital and operating costs increased in FY22 as it further ...

Motorpoint has officially opened the doors to its new Maidstone store. The opening of Motorpoint’s 16th store was welcomed by The Worshipful Mayor of Maidstone, Councillor Fay Gooch who performed a blue-ribbon ceremony to mark the occasion. Mark Carpenter, Motorpoint CEO said: “I am delighted to be able to open our 16th store in Maidstone and to bring the award-winning ...

Motorpoint is set to open a new supermarket in Maidstone, creating 30 new jobs. The new roles will comprise positions in Sales, Service, Support and Vehicle Preparation. Robert Jones, Head of Retail Operations at Motorpoint Maidstone said: “We are excited about the opening of our new store in Maidstone in late February 2022. We are recruiting up to 30 new ...

After 11 years with the Group, Mark Morris will retire as Non-Executive Chairman, and will leave the business in January 2022. Motorpoint said that Morris has played an extremely instrumental role in helping the business grow, not least successfully guiding Motorpoint through its IPO in 2016. John Walden will join the Group as our new Chairman on 10 January 2022. Walden ...

Motorpoint has announced that is saw profit before tax increase 39.2% to £13.5m (H1 FY21: £9.7m) for the six months ended 30 September 2021. It posted a revenue increase of 56.1% to £605.2m (H1 FY21: £387.7m) reflecting record performance after reopening, continued strong consumer demand for used vehicles and strong market share gains. Its retail volume showed a growth of ...

This weekend Motorpoint Burnley is hosting a Winter Fayre that includes a family-friendly ice-skating rink at its Rosegrove Lane store. There will be stalls from local businesses and artisans selling a range of gifts and crafts that are perfect for stocking filler shopping. For children, there’s a Letter-to-Santa grotto, a bouncy castle and a toddler-friendly area making this free event ...

Motorpoint Group PLC has reported an increase in revenue of c.57% against H1 FY21 following continued strong consumer demand for used vehicles.   Profit Before Tax grew over 30% against H1 FY21 to more than £13m, and online retail sales increased c.53% over the same period. As  seen across the market, sales growth slowed from June due to the reduced ...

Motorpoint is opening for business in Manchester this week in a former Mercedes-Benz garage on Ashton Old Road. To celebrate the opening on Friday, 1 October, the team will be giving away scratch cards to the first 150 visitors with every customer winning a prize including Dash Cams and meals out in Manchester on Motorpoint. Customers are also invited to ...

Motorpoint is set to launch a new brand campaign this summer. It will return to national TV screens in early August with a brand-new advert created by Arts and Science Film and TV production company Creature. The advert, which it said represents a radical departure from previous years, focuses on Motorpoint’s drive to help motorists avoid unnecessary car buying stress ...