Northgate (company)

Northgate plc
Formerly
  • Goode Durrant & Murray
Public
Traded as LSE: NTG
Industry Vehicle rental
Founded
  • 2 July 1897 (1897-07-02) (the legal entity)
  • 1981 (the Northgate business)
Headquarters Darlington, County Durham, England, United Kingdom
Key people
Revenue £447.1 million (2016)[1]
£94.3 million (2016)[1]
£65.4 million (2016)[1]
Number of employees
 2,921 (2016)[1]
Website www.northgateplc.com

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.

History

Northgate plc was previously known as Goode Durrant plc until 1999 and Goode Durrant & Murray Group plc until 1987.

Goode Durrant plc

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

In January 1987 Goode Durrant 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]

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).[8]

References

  1. 1 2 3 4 "Annual Report 2016" (PDF). Northgate. Retrieved 22 April 2017.
  2. ↑ "About us". Northgate. Retrieved 10 April 2016.
  3. ↑ https://beta.companieshouse.gov.uk/company/00053171
  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 Jul 1987 – via Companies House. |access-date= requires |url= (help)
  6. 1 2 3 "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. 1 2 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.
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