Northgate (company)
 | |
| Public | |
| Traded as | LSE: NTG |
| Industry | Vehicle rental |
| Founded | 1981 |
| Headquarters | Darlington, County Durham, England, United Kingdom |
Key people |
Bob Mackenzie, Chairman Robert Contreras, CEO |
| Revenue | £456.8 million (2015)[1] |
| £97.8 million (2015)[1] | |
| £66.8 million (2015)[1] | |
| Website |
www |
Northgate plc (LSE: NTG) is the UK's largest commercial vehicle rental provider, with over 100,000 vehicles in the UK and Spain.[2] They are headquartered in Darlington, County Durham. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
Northgate was founded by Alan Noble in 1981 when he established Noble Self Drive in Darlington.[3] In 1986 Northgate Motor Holdings was established to acquire the Darlington, Newcastle upon Tyne and Stockton on Tees operations of the Group.[3] In 1987 the business was acquired by Goode Durrant, a conglomerate, which changed its name to Northgate plc in 1999.[3]
In 2002 the Company acquired 40% of Furgonetas de Alquiler SA, a Spanish vehicle rental business, and has since exercised an option to buy the remainder.[4]
In 2005 Arriva sold its UK-wide vehicle rental business to Northgate for £129 million.[5]
Operations
The Company owns a number of businesses which provide commercial vehicle services to business under several trading names. Outside the UK its most important market is Spain, where it has a wholly owned subsidiary called Furgonetas de Alquiler SA (FUALSA).
References
- 1 2 3 "Annual Report 2015" (PDF). Northgate. Retrieved 10 April 2016.
- ↑ "About us". Northgate. Retrieved 10 April 2016.
- 1 2 3 Northgate plc: History
- ↑ White van man gives Northgate 23% rev-up Daily Telegraph, 12 January 2005
- ↑ Northgate to buy Arriva Vehicle Rental for £129.3 million Marketwatch, 31 January 2006
External links
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