Stoneacre Motor Group
Stoneacre Motor Group is a car dealership group based in the United Kingdom, having been established in December 1994. The company started trading by acquiring Stoneacre in 1994, a used car dealership based in Scunthorpe that had gone bankrupt. Stoneacre offers new and used car sales, as well as many aftersales services such as car servicing and MOTs. In the year to April 2019, Stoneacre had registered a turnover of £982m on its way to a targeted turnover of over £1 billion come 2020, while pre-tax profits rose to £17m.
Acquisitions
In December 2014, Staffordshire-based Randles Motor Group, with a turnover of £30 million, was acquired by the company. Stoneacre followed this up with the acquisition of the Chesterfield-based Autoworld, an £80m-turnover group, in 2015. Stoneacre added Honda and Mitsubishi to its portfolio in 2017 through the acquisition of Gilder Group in Sheffield and Rotherham.In 2018, the franchise dealership completed multiple purchases, starting with the acquisition of Chris Variava in Nottingham, before obtaining two showrooms from Burrows Motor Company in Sheffield. In March, Stoneacre completed the purchase of Platts Garage in Stafford, a dealership with multiple franchises. Later in the year, the purchase of Mill Garages North East was completed, a Volvo dealership with three showrooms in the North East and one in Harrogate. Initially delayed by the COVID-19 pandemic, Stoneacre completed the buyout of Hodgson Motor Group in the summer of 2020, adding Toyota to its list of franchises and four additional showrooms in the North East.