With more than 100 years of trading, Marshall Motor Holdings (MMH) is now the seventh largest car retailer in the UK selling both new and used vehicles to consumers and businesses. It has been one of the leading consolidators in the UK automotive retail sector in the last decade, including the transformational £106.9m acquisition of Ridgeway Group in 2016. Following the successful IPO in 2015, the majority owner (64.5% at 3 April 2019) remains Marshall of Cambridge (Holdings), a family-run private company in the UK. The sale of its leasing operation in late 2017 has left the company essentially ungeared (before lease liabilities introduced by IFRS 16). Today MMH operates 106 dealership businesses representing 23 manufacturer brands across 27 counties in England, with aftersales activities including service centres, spare parts and five standalone bodyshops.
In this video Daksh Gupta, the CEO since 2008, discusses MMH’s growth, strategic ambitions and differentiators. The CFO Richard Blumberger, who joined the company in early 2019, outlines the company’s financial strengths as well as its recent trading performance.