Pendragon PLC
File:Pendragon PLC logo.jpg | |
Public limited company | |
Traded as | LSE: PDG |
Industry | Car Sales |
Headquarters | Annesley, Nottingham |
Key people
|
Mel Egglenton (Chairman) Trevor Finn (CEO) |
Products | Vehicles |
Revenue | £4,000.4 million (2014)[1] |
£90.9 million (2014)[1] | |
£49.8 million (2014)[1] | |
Website | www |
Pendragon PLC (LSE: PDG) is a multi-national operator of franchised motor dealers in the United Kingdom, with international outlets in the United States. The company is based at Annesley, Nottingham. It is listed on the London Stock Exchange.
History
Pendragon became a public limited company, when the vehicle division of Williams Holdings which operated 19 car dealerships, was demerged in 1989. From its establishment in 1989 until April 2010, the company was chaired by Sir Nigel Rudd.[2][3]
In 1990, the company's portfolio to incorporate volume car franchises, such as Ford and Vauxhall. Following this, Pendragon began a series of high-profile acquisitions. The Stratstone brand was acquired in 1992, establishing a relationship for Pendragon with Jaguar and Land Rover.[4]
In 1997, an acquisition of Lex Service PLC and their 17 volume car dealerships took place.[5]
In August 1998, Pinewood computers was acquired by Pendragon, expanding the company's portfolio into the specialist areas of dealer management systems, telecommunications and remote security monitoring systems for the retail motor industry. Pendragon went on to acquire the whole shared capital of Evans Halshaw in February 1999.[4] After this, a further 32 franchised dealerships were bought from Lex Service PLC in March 2000.[6]
In July 2000, Pendragon expanded into America with their acquisition of Bauer Jaguar, the third largest Jaguar dealership in America. Throughout the remainder of 2000–2001, various other California–based dealerships were acquired, including Hornburg, which held the Jaguar and Land Rover dealership in Los Angeles.[7]
Pendragon PLC bought Reg Vardy PLC in December 2005, taking on a total of 96 new dealerships.[8] However, in April 2006, Pendragon were unable to complete a proposed takeover of Lookers.[9] Soon thereafter, the automotive industry was hit by a recession, leading to the closure of dealerships, and job cuts in both the United Kingdom and United States.[10][11]
Operations
The Pendragon Group is organised into several divisions:[12]
- Stratstone represents a variety of luxury car and motorcycle manufacturers, including Aston Martin, BMW, Ferrari, Harley-Davidson, Jaguar, Land Rover, Mercedes-Benz, Mini, Morgan, Porsche, Smart and Triumph.
- Evans Halshaw is a volume car retailer with manufacturer brands including Vauxhall, Ford, Citroën, Peugeot, Renault, Nissan, Hyundai, Kia, Honda, Dacia and SEAT.
- California focuses on car sales in the USA
References
- ↑ 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ "Sir Nigel heads for Invensys boardroom", Daily Mail, 5 December 2008.
- ↑ Graham Ruddick, "Pendragon's Sir Nigel Rudd to step down after 20 years", The Daily Telegraph, 30 April 2010.
- ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Scott Reid, "Pendragon in top gear", The Scotsman, 26 April 2008 – via HighBeam Research (subscription required).
- ↑ "Pendragon takeover plan falters", The Birmingham Post, 28 April 2006 – via HighBeam Research (subscription required).
- ↑ Clinton Manning, "your money: Pendragon faces bumpy ride", Daily Mirror, 1 July 2008 – via HighBeam Research (subscription required).
- ↑ Scott Reid, "Pendragon's warning of bumpy road ahead in 2008 for car sales", The Scotsman, 21 February 2008 – via HighBeam Research (subscription required).
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
External links
- Pendragon PLC – Official Website
- PENDRAGON PLC 02304195 via Companies House
- Subscription required using via
- Pages containing links to subscription-only content
- EngvarB from July 2015
- Use dmy dates from July 2015
- Pages with broken file links
- Companies listed on the London Stock Exchange
- Companies established in 1989
- Auto dealerships of the United Kingdom
- Companies based in Nottinghamshire