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MBO at Aston Barclay brings multi-million pound investment

By / 2 years ago / Latest News / 1 Comment

A management buyout has injected a multi-million pound investment from Rutland Partners into Aston Barclay Group.

Aston Barclay group non exec director Glenn Scarborough, new Aston Barclay group CEO Neil Hodson and Oliver Jones from Rutland Partners

(L-R) Aston Barclay group non exec director Glenn Scarborough, new Aston Barclay group CEO Neil Hodson and Oliver Jones from Rutland Partners

Led by new chief executive officer, Neil Hodson, the MBO, details of which have not been announced, will see a new 18-acre Super Centre open at Donington Park in Q4 2017 to serve as Aston Barclay’s central hub for all remarketing operations, as well as being the home to a new buyer services and account management team. Investment is also being made in existing centres, new IT technology and the development of its people.

New CEO Neil Hodson – who brings over 25 years’ experience to Aston Barclay, following stints at Manheim, HPI and Experian – said: “Aston Barclay is a great business and Rutland Partners’ multi-million pound investment across all areas will help further develop our service offering for both buyers and vendors. Our aim is to be at the forefront of shaping the remarketing industry, reinforcing our position as the leading independent provider in the market.”

Glenn and David Scarborough, formerly group managing director and commercial director respectively, will both remain company shareholders as non-executive directors.

“With Glenn and David staying on-board, Aston Barclay’s family-run approach will remain at the heart of our offering for customers – a friendly, consultative and personal service with a board and senior management team always on hand to work closely with our buyer and vendor partners,” added Hodson.

Laurence Vaughan is also joining the Board and investing as non-executive chairman. Vaughan was previously CEO and now non-executive chairman of Sytner Group.

Aston Barclay has also restructured its senior management team, with Martin Potter joining the board in the position of group operations director. Potter is supported by national operations manager Brett Henderson, while a new sales director will be joining the board in the near future.

Stewart Ford, previously at CAP HPi, has also been appointed as group IT director and will spearhead the investment in Aston Barclay’s digital strategy which will be at the heart of every auction centre.

Aston Barclay’s Glenn Scarborough said: “These are exciting times for the remarketing industry and we are confident the support and the investment will enable Aston Barclay to exploit the opportunities for growth that the market has to offer.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.