Draft:Motorpoint
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Company type | Public limited company |
|---|---|
| LSE: MOTR | |
| Industry | Automotive |
| Founded | April 1998 |
| Founders | Gary Warren David Shelton |
| Headquarters | Derby, England |
Area served | United Kingdom |
Key people | John Walden (Chairman) Mark Carpenter (CEO) Chris Morgan (CFO) |
| Revenue |  £1.173 billion (FY25) |
| £13.5 million (FY25) | |
| £4.1 million (Profit before tax, FY25) | |
Number of employees | 779 (2025) |
| Divisions | Auction4Cars |
| Website | www |
Motorpoint is a British automotive retailer based in Derby, England. The company sells nearly-new and used vehicles through a network of 21 retail stores across the United Kingdom and an online platform. It also operates a business-to-business online auction site, Auction4Cars. The company is listed on the London Stock Exchange.
History
Foundation and early years
Motorpoint was founded in April 1998 by Gary Warren and David Shelton. The company began trading from a single site in Derby. Initially, the business model focused on selling parallel imports, vehicles purchased in other European markets and imported to the UK, offering substantial savings compared to official UK list prices. The company recorded over 1,000 sales in the first 60 days of trading[1], and gained significant public attention following coverage on the BBC consumer rights programme Rip Off Britain, which highlighted the price disparity between the UK and European car markets. In 1999, Motorpoint launched "Boomerang," a car finance plan that was an early iteration of the now-standard personal contract purchase (PCP). This allowed customers to return the vehicle, purchase it outright, or use equity for a new vehicle at the end of the contract term. In 2000, Motorpoint opened a national call centre, allowing customers to buy their cars over the phone. By 2006, the company had expanded beyond Derby, opening four additional sites in Burnley, Glasgow, Newport, and Peterborough.
Expansion and flotation
In 2008, the group launched Auction4Cars, a dedicated online auction platform for selling part-exchange vehicles directly to the wholesale trade. In 2013, Mark Carpenter was appointed Group CEO, having previously served as the Chief Financial Officer. Under his leadership, the company continued its physical expansion, opening sites in Birmingham (2013), Widnes (2014), and Birtley (2015). On 13 May 2016, Motorpoint floated on the London Stock Exchange. The initial public offering (IPO) raised £100 million and valued the company at £200 million.[2]
Recent developments (2020-present)
During the COVID-19 pandemic, Motorpoint launched a complimentary home delivery service in March 2020 to maintain operations during national lockdowns.[3] Expansion continued as restrictions eased, with new stores opening in Manchester, Maidstone, and Portsmouth between 2021 and 2022. In 2023, the company marked its 25th anniversary by expanding into Edinburgh, Coventry, and Ipswich. In 2024, Motorpoint opened its 21st store in Norwich and introduced in-house MOT testing facilities at its Coventry branch. Following a period of market headwinds, the group reported a return to profitability in its FY25 results (year ending 31 March 2025), citing the success of its "Brilliant Basics" operational strategy.[4]
Locations
As of 2025, Motorpoint operates 21 retail stores in England, Scotland, and Wales. Key locations include:
- England: Birmingham, Birtley, Burnley, Castleford, Chingford, Coventry, Derby, Ipswich, Maidstone, Manchester, Norwich, Oldbury, Peterborough, Portsmouth, Sheffield, Stockton-on-Tees, Widnes.
- Scotland: Edinburgh, Glasgow.
- Wales: Newport, Swansea.
Awards and recognition
Motorpoint has received various industry awards, including "Car Supermarket of the Year" from Motor Trader Magazine. In 2023, the Financial Times included Motorpoint in its list of "Europe’s Climate Leaders" for its efforts in reducing carbon intensity.[5] The company has also appeared multiple times on the Sunday Times "Best Companies to Work For" list.
Sponsorships
Since 2016, Motorpoint has held the naming rights for the Nottingham Arena, a major entertainment venue in the East Midlands.[6] The company has previously sponsored the Cardiff Arena, the Sheffield Arena, and the British Supersport Championship.
See also
References
- ^ "Leading UK supplier of nearly new cars". Derby Evening Telegraph. 26 June 1998.
- ^ "Motorpoint raises £100m with London Stock Exchange Main Market float". Car Dealer Magazine. 13 May 2016.
- ^ "Motorpoint launches free home delivery within 100 miles". Motor Trader Magazine. 23 March 2020.
- ^ "Preliminary Results for the year ended 31 March 2025". London Stock Exchange. 11 June 2025.
- ^ "Europe's Climate Leaders 2023: interactive listing". Financial Times. 20 April 2023.
- ^ "Capital FM Arena set for rename in 2016". Notts TV. 29 June 2015.
Category:Auto dealerships Category:Companies based in Derby Category:Companies established in 1998 Category:Companies listed on the London Stock Exchange
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