Tag Archives: cambria

After reports of an onslaught of UK newcomer brands from 2023, Chinese marques are still arriving and expanding but there are crosswinds. Clarification from the Government on tariff hikes for Chinese-made electric vehicles should come soon Last year, hardly a month passed by without news of some new brand – mainly with Chinese background or backing – poised to land ...

Motor investment firm Cambria Private Capital has welcomed the Bank of England’s decision to cut interest rates to 5%. It said it expected to see a gradual easing of inflationary pressures into next year, leading to potential benefits, such as reduced vehicle stocking costs and increased market flexibility for OEMs. But it warned that the effects of these cuts will ...

Cambria Automobiles and Ancaster have deployed Autofinity’s automated parts and accessories ecommerce platform PiHUB following a significant increase in sales during the pilot. Cambria experienced a five-fold increase in JLR accessories sold in the first month of using the platform, with an average transaction value of £560. Ancaster has launched PiHUB for its Nissan brand. The average transaction for Nissan ...

Cambria Investment Holdings has recruited Mike Allen to head its new investment company, Cambria Private Capital. The company is launching with an initial fund of £10m and will make investments of up to £1m in startups and scaleups. It is seeking post-seed stage businesses with proven revenue models addressing industry problems. Mike Allen is a well-known industry investor, analyst, and ...

Cambria Automobiles saw profits surge 113.7% to £21.8m on turnover up 7.5% to £563.1m in the year to 31 August 2021. In the results filed at Companies House Cambria CEO Mark Lavery said the year was “unprecedented” and the group had delivered a strong set of results despite the challenge of COVID related economic lockdowns and restricted business activities. Lavery ...

Cambria will stop trading on the stock market by 13 October. This comes as the acceptance condition of its buyout by CEO Mark Lavery was met, with Bidco (led by Lavery) holding more than 75% of Cambria’s voting rights. The business will be re-registered as a private company. The deadline for the management buyout of Cambria Automobiles was previously extended ...

Cambria has issued a trading update for the eleven months to 31 July 2021. The group is subject to a recommended final cash offer by Cambria Bidco for which the first closing date is 3 September 2021. The independent committee wanted shareholders to consider this information in advance of that date. Cambria had come under pressure for not releasing updates ...

It has been a busy time for dealers as they emerge from the pandemic and look to their business in 2021, dealing with new vehicle shortages and the impact that is having on the used car market. Many of the bigger dealer groups are looking to expand. Stoneacre Motor Group hit the acquisition trail this month with the acquisition of ...

Cambria Automobiles has announced that CEO Mark Lavery’s £80m MBO is expected to become effective on 28 July 2021. If Lavery’s offer of 80p per share is approved by 75% of shareholders, dealings in Cambria shares will cease on 28 July and cancelled on July 29. The £80m MBO, subject to shareholder approval, was made by Bidco, a private company incorporated ...

Interesting times at Cambria Automobiles. Earlier this month it announced its half year results, which were positive given the impact of the pandemic with showrooms shut for business. The dealer group 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. So far so good. During the period ...