BCA Marketplace, which owns WeBuyAnyCar.com, paid £16m in cash for Eddie Stobart’s automotive logistics business when it purchased it earlier this year. The acquisition of the company, previously known as Autologic, also saw Avril Palmer-Baunack – the former Stobart chairwoman and Autologic chief executive – rewarded with a bonus. Details of the sale and bonus are detailed in BCA Marketplace’s half-yearly report for the nine months to 4 October 2014. The report states that the business’ net assets were valued […]
NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper.
BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m.
Turnover at ECM (Vehicle Delivery Services) rose by £11m, but pre-tax profit dipped slightly, as the finished-vehicle automotive logistics specialist reaped the benefits of renewing several key contracts during the financial year.