Auction business makes strong start to year with investment and job creation
Leeds-based Independent Motor Auctions (IMA) has kicked off 2017 with a £200,000 investment while adding to its team as part of its expansion drive.
The company will now hold a weekly commercial van sale at its Leeds branch, adding to its three car sales a week.
In addition, IMA has created another job as part of its growth plans for 2017, recruiting Geoff Flood as commercial manager at the site in Morley.
This expansion follows family-run IMA’s acquisition of West Coast Motor Auctions (WCMA) in Poulton-le-Fylde near Blackpool in 2016 in a seven-figure deal.
Two jobs have already been created at the new site and, in addition, IMA has invested over £200,000 in two new trucks to aid transportation.
IMA is owned and managed by the Lane family with Justin Lane recently taking over from his father, John, as managing director following his retirement.
Lane said: “Our acquisition at the end of last year is resulting in huge growth plans for the business as a whole and we’re in the process of creating a number of new opportunities. Geoff brings with him many years of valuable experience and increasing our weekly sales means we need people like him to assist with our expansion.”
As well as the new Blackpool site, IMA occupies three acres on Bruntcliffe Lane in Morley and employs a team of 22. In addition, IMA also offers online auction bidding to its trade customers through its LIVEBID software which has created four jobs.
