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British Car Auctions

Description

British Car Auctions, formerly known as British Car Auctions, is a used vehicle marketplace and automotive services provider in Europe. The company was founded in 1946 and has grown to become the largest vehicle remarketing company in Europe, selling more than one million vehicles annually across 10 countries, including the UK, France, Germany, and Spain.British Car Auctions generates revenue through its core remarketing operations, which include physical and online auctions, as well as a range of automotive services such as vehicle inspection, refurbishment, storage, imaging, funding solutions, and logistics. The company serves a diverse customer base, including fleet operators, manufacturers, leasing companies, and dealers. In addition to its remarketing services, British Car Auctions also owns WeBuyAnyCar.com, an online platform for selling used cars directly to consumers in the UK, and CarTrade2B, a similar platform in Germany.In 2015, British Car Auctions was acquired by Haversham Holdings, a consortium of investors, for £1.2 billion. The company was then listed on the London Stock Exchange. In June 2019, private equity firm TDR Capital made a cash offer to acquire British Car Auctions for £1.9 billion, which was accepted by the board and recommended to shareholders.The acquisition was completed in November 2019, and British Car Auctions was delisted from the London Stock ExchangeAs of 2022, British Car Auctions is a subsidiary of BBD Parentco Limited, which is owned by investment funds managed by TDR Capital.

📈 Operating Performance

£m
2023
2022
Margin (%)
YoY Change (%)
UK Turnover (%)
REVENUE
445.1
-
471.3
-
-
%
-0.1
-
%
-
%
COGS
213.9
-
202.6
-
0.48
-
%
0.06
-
%
-
GP
231.3
-
268.7
-
0.52
-
%
0.06
-
%
-
OPEX
195.7
-
165.1
-
0.44
-
%
0.19
-
%
-
EBIT
35.6
-
103.8
-
0.08
-
%
-0.66
-
%
-
ADJ EBIT
-
-
-
%
-
%
-
NET INCOME
23.2
-
83.9
-
0.052
-
%
-0.72
-
%
-

📰 Latest News

Title
Date
Article Type
Link
Constellation-owned BCA named and shamed for paying hundreds below minimum wage
Dec 2023
Operating Activity
Read More
British Car Auctions Limited fined £1.1m for a Health and Safety Offence
No news articles to show.
Mar 2023
Legal/Regulatory
Read More
Group 1 Automotive renews exclusive deal with BCA
Jan 2023
Operating Activity
Read More
Constellation Automotive given green light for Marshall acquisition
May 2022
Corporate Activity
Read More
Read More

📰 Latest News

Title
Date
Article Type
Constellation-owned BCA named and shamed for paying hundreds below minimum wage
Dec 2023
Operating Activity
British Car Auctions Limited fined £1.1m for a Health and Safety Offence
Mar 2023
No news articles to show.
Legal/Regulatory
Group 1 Automotive renews exclusive deal with BCA
Jan 2023
Operating Activity
Constellation Automotive given green light for Marshall acquisition
May 2022
Corporate Activity

🎯 Segmentation

Industry
Automotive
Sub-industry
Automotive Wholesale
Region
UK, EUROPE
Revenues (£M)
445.1
Employees
2212.1
PE Fund
TDR Capital
Website URL
Click Here ↗
Linkedin Page
Click Here ↗

🏦 Asset Base

CAPEX (£M)
-
PPE (£M)
49.4
Depreciation (£M)
7.1

👥 Organisation

Employees (£M)
89.9
Employees (#)
2212.1
Employees % Rev
20.2
%

💼 Company Stakeholders

🪙 PE Fund Representatives

Cristiano Carlutti
Click Here ↗
TBC

✏️ My Personal Notes COMING SOON