Car auction firm to develop 18-acre ‘Super Centre’ at Donington Park
Aston Barclay, the car auctions giant is set to develop a new 18-acre Super Centre at Donington Park, which will become one of the largest country, with space for 350-400 cars under one roof.
The news comes after Aston Barclay secured a multi-million pound investment from Rutland Partners to bring forward a management buyout (MBO) led by new chief executive officer Neil Hodson, who brings over 25 years’ experience to Aston Barclay, following stints at Manheim, HPI and Experian.
Glenn and David Scarborough, formerly group managing director and commercial director respectively, will both remain company shareholders as non-executive directors.
Laurence Vaughan is also joining the Board and investing as non-executive Chairman. Laurence was previously CEO and is now non-executive chairman of Sytner Group.
Based in Donington Park’s famous Engine Room exhibition space, the new Super Centre at Donington Park 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.
How the new Super Centre will look
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.”
“With Glenn and David staying on-board, Aston Barclay’s family-run approach will remain at the heart of our offering for customers – a friendly, consultative and personal service with a board and senior management team always on hand to work closely with our buyer and vendor partners,” added Hodson.
Aston Barclay’s Glenn Scarborough said: “We are pleased to welcome Neil and his management team as investors in Aston Barclay supported by Rutland Partners. These are exciting times for the remarketing industry and we are confident the support and the investment will enable Aston Barclay to exploit the opportunities for growth that the market has to offer.”
Oliver Jones of Rutland Partners said: “We are delighted to have completed our investment in Aston Barclay. The Donington site will deliver a step change in Aston Barclay’s offering to the market and we look forward to working with Neil and his team in delivering this next phase of growth.”
