Tag Archives: cambria automobiles

The just published Motor Trader Top 200 Dealer Groups reveals the businesses delivering the highest return on sales across the sector. CEM Day tops the rankings once again with a return on sales of 12.7%. The company explained this performance in last year’s MT Top 200 as a result of diversity encompassing vans, car and van hire, HP and leasing ...

Invicta Motors, the volume division of Cambria Automobiles is taking on the Omoda volume and Jaecoo upmarket brands in Bolton. The business is set to open in early June. The opening is just one of a strong of openings by the Chinese brand as it establishes its network in the UK. “The future of our Invicta Motors site in Bolton ...

Cambria boss Mark Lavery said he was delighted with the planning approval gained to  expand its Grange business in Brentwood, Essex. Cambria Automobiles’ subsidiary Grange Cars has been given permission to develop a new dealership in Brentwood. Grange Motors is relocating its existing Aston Martin and Jaguar dealerships in London Road to a new site close by, which will also ...

Ineos Automotive has signed up three dealers in the UK with plans for 20 more to sell and service the Ineos Grenadier 4×4 in the UK. Cambria Automobiles is one of the first to represent the franchise along with Compass Tractors in Bridgwater, Somerset and JT Hughes in Telford The brand is striking agreements with retail and aftersales partners worldwide ...

The deadline for the management buyout of Cambria Automobiles has been extended by a week as the deal narrowly missed a voting threshold. The Bidco bid under Cambria CEO Mark Lavery (pictured) failed to meet the first 3 September deadline in getting the backing of 75% of shareholders as required by Stock Exchange rules. In the first closing date the ...

Cambria Automobiles CEO Mark Lavery has agreed an improved £82.5m offer for the company and switched from a scheme of arrangement to an official takeover offer. His bid vehicle Bidco announced the terms of a final increased Cash Offer offering 82.5 pence in cash for each Cambria share, which has been unanimously recommended by the independent committee. The final cash ...

Cambria Automobiles has agreed to an MBO offer from CEO Mark Lavery valuing the company at £80m The £80m MBO, subject to shareholder approval, was made by Bidco, a private company incorporated in England and Wales, which is wholly owned by Cambria Investments and ultimately owned and controlled by Lavery. The £80m price tag represents a premium of 21.2% on ...

Cambria Automobiles saw underlying pre-tax profits rise 55.5% at £9.8m on turnover down 16% to £254.7m for the half year to 28 February 2021. During the period new vehicle sales reduced by 16.6% with an 8.8% reduction in average profit per unit Used vehicle sales fell 30.8%, which was partially offset by a 18.2% improvement in average profit per unit. ...

The Cambria management team who are looking at the possibility of a management buyout have been given more time to come up with a firm offer for the company. Last month the Cambria Board said it had consented to CEO Mark Lavery (pictured), finance director James Mullins and motors division MD Tim Duckers exploring the possible acquisition of the shares ...

Cambria Automobiles today gave a trading update for the five months to 31 January. The group said it was “trading ahead” of the same period last year despite the lockdown and the closure of showrooms. The performance was delivered through cost cutting and the benefit of Government support packages including furlough and business rates relief. It has not used the ...