- Northgate plc
-
Northgate plc 
Type Public (LSE: NTG) Industry Vehicle rental Founded 1981 Headquarters Darlington, UK Key people Bob Mackenzie, Chairman
Robert Contreras, CEORevenue £563.7 million (2010)[1] Operating income £82.8 million (2010)[1] Net income £24.4 million (2010)[1] Employees 3,116 (2010)[1] Website www.northgateplc.com Northgate plc (LSE: NTG) is a British based vehicle rental company headquartered in Darlington, County Durham, UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Contents
History
Northgate was founded by Alan Noble in 1981 when he established Noble Self Drive in Darlington.[2] In 1986 Northgate Motor Holdings was established to acquire the Darlington, Newcastle upon Tyne and Stockton on Tees operations of the Group.[2] In 1987 the business was acquired by Goode Durrant, a conglomerate, which changed its name to Northgate plc in 1999.[2]
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.[3]
In 2005 Arriva sold its UK-wide vehicle rental business to Northgate for £129 million.[4]
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).
References
- ^ a b c d Annual Report 2010
- ^ a b c Northgate plc: History
- ^ White van man gives Northgate 23% rev-up Daily Telegraph, 12 January 2005
- ^ Northgate to buy Arriva Vehicle Rental for £129.3 million Marketwatch, 31 January 2006
External links
Categories:- Companies listed on the London Stock Exchange
- Business services companies of the United Kingdom
- Transport operators of the United Kingdom
- Companies based in County Durham
- Companies established in 1981
Wikimedia Foundation. 2010.
