Redde Northgate

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Redde Northgate plc
Formerly
  • Goode Durrant & Murray,
  • Northgate plc
TypePublic
Traded as
LSE: REDD
IndustryVehicle rental
Founded
  • 2 July 1897; 124 years ago (1897-07-02) (the legal entity)
  • 1981 (the Northgate business)
entity)
2020 (Redde Northgate)
HeadquartersDarlington, County Durham, England, United Kingdom
Key people
  • Avril Palmer-Baunack, chairman
  • Martin Ward, chief executive
RevenueIncrease £779.3 million (2020)[1]
Decrease £73.9 million (2020)[1]
Net income
Decrease £7.7 million (2020)[1]

Redde Northgate plc is the UK's largest commercial vehicle rental provider, with over 100,000 vehicles in the UK and Spain.[2] It is headquartered in Darlington, County Durham. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[]

Goode Durrant plc[]

Goode Durrant plc was incorporated on 2 July 1897.[3]

In January 1987 Goode Durrant & Murray Group plc was acquired by an Australia-listed company Ariadne Australia via its Hong Kong listed company Impala Pacific, which renamed the UK company to Goode Durrant plc.[4][5]

In July 1987 Goode Durrant acquired Northgate Motor Holdings, a company established by Alan Noble in 1981 as Noble Self Drive in Darlington;[6] In 1986 Northgate Motor Holdings was established as Noble Self Drive's successor in order to acquire the Darlington, Newcastle upon Tyne and Stockton on Tees operations of the Group.[6]

In 1997 Goode Durrant bought Transport Development Group (TDG) Vehicle Rental.[7]

Northgate plc[]

In 1999 Goode Durrant plc was renamed into Northgate plc.[6] 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.[8] In 2005 Arriva sold its UK-wide vehicle rental business to Northgate for £129 million.[9]

Kevin Bradshaw replaced Bob Contreras as chief executive in 2017.[10][11]

Redde Northgate plc[]

In 2020 Northgate plc merged with Redde plc to form Redde Northgate plc. The all-share merger was between Northgate plc and Redde plc, the provider of incident and accident management, legal and other mobility-related services.[12]

Martin Ward replaced Kevin Bradshaw as chief executive as part of the merger.[13]

Operations[]

The Company offers vehicle rental, vehicle disposal, vehicle ancillary services, repairs, accident management and vehicle data.[14]

References[]

  1. ^ a b c "Annual Report 2020". Northgate. Retrieved 11 April 2021.
  2. ^ "About us". Northgate. Retrieved 10 April 2016.
  3. ^ "Redde Northgate plc". Companies House. Retrieved 11 April 2021.
  4. ^ "怡勝太平洋昨日宣佈獲英一公司逾半股權". Ta Kung Pao (in Chinese). Hong Kong. 21 January 1987. p. 9 – via Hong Kong Public Libraries.
  5. ^ 1985–86 Annual Report. Goode Durrant PLC. 10 July 1987 – via Companies House.
  6. ^ a b c "History". Nortgate plc. Archived from the original on 1 September 2006. Retrieved 6 October 2017.
  7. ^ "Goode Durrant buys rental group". fleetnews.co.uk. 12 September 1997. Retrieved 6 October 2017.
  8. ^ White van man gives Northgate 23% rev-up Daily Telegraph, 12 January 2005
  9. ^ Northgate to buy Arriva Vehicle Rental for £129.3 million Marketwatch, 31 January 2006
  10. ^ [s.n.] (6 December 2016). Northgate CEO Bob Contreras to step down (press release). Reuters. Accessed September 2018.
  11. ^ Martin Waller (20 September 2017). Spain eases the pain of British slowdown . The Times. Accessed September 2018.
  12. ^ "Home - Redde Northgate plc". reddenorthgate.co.uk. Retrieved 26 March 2021.
  13. ^ Shabong, Yadarisa (29 November 2019). "Van hire firm Northgate to buy accident claims handler and ditch CEO". Reuters. Retrieved 26 March 2021.
  14. ^ "Our Businesses - Redde Northgate plc". reddenorthgate.co.uk. Retrieved 26 March 2021.
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