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BCA Marketplace plc

 

Buy BCA Marketplace plc shares

BCA MARKETPLACE PLC (BCA) Shares

ABOUT BCA MARKETPLACE PLC

? BCA Marketplace plc (formerly British Car Auctions), a used-vehicle marketplace company, was founded in 1946 and has its headquarters in Bedford, England.

? The company had its origin as Southern Counties Car Auctions, established by David Wickins who set up his first public car auction on a farmer’s field at Frimley Bridges. He sold 14 cars for a collective £ 8,250. The company was soon renamed British Car Auctions, and swiftly began to expand across the UK by selling ex-British Army and Royal Air Force vehicles for the Ministry of Defense.

? Expansion into Europe and the United States was then enabled through a series of acquisitions, such as the car-auction division of Hawley Goodall, for example.

? Wickins developed the company into the largest car-auction business in the world before retiring in 1990.

? The private equity investment firm, Clayton, Dubilier & Rice, acquired BCA in 2010. However, in March 2015, Haversham Holdings undertook a reverse takeover of BCA and renamed itself BCA Marketplace.

? Key to the company’s operations is physical auctions as it brings together a wide range of consistently graded and presented vehicles at one location.

? This offers buyers the opportunity to view vehicles, participate in the auction and observe their local competitors.

? Today, the company employs about 7 200 people across its operations.

OVERVIEW OF BCA MARKETPLACE PLC

  • BCA Marketplace plc conducts its operations through four primary segments: UK Vehicle Remarketing, International Vehicle Remarketing, Vehicle Buying and Automotive Services.
  • UK Vehicle Remarketing operates more than 23 auction centres, whilst International Vehicle Remarketing has a presence in more than nine countries in Europe.
  • It operates about 28 auction centres across Denmark, France, Germany, the Netherlands, Italy, Spain, Switzerland and Sweden. The Vehicle Buying segment buys vehicles through the Vehicle Remarketing divisions. Automotive Services focuses on services for new vehicles such as pre-delivery inspections, option fitment, customs-management and delivery.
  • Vehicle Remarketing is engaged in the facilitation of efficient changes of vehicle ownership through digital and physical auctions in the UK and Europe.
  • BCA brings together vendors and buyers. It facilitates swift vehicle disposal and provides access to the latest market pricing for vendors. It also offers unrivalled choice of continuously graded available stock for buyers.
  • BCA Marketplace plc has unrivalled scale across its divisions. It fuses its physical assets to offer multi-service solutions and maximise speed and performance across its comprehensive services.

VISION & VALUES OF BCA MARKETPLACE PLC

  • BCA Marketplace plc follows a business strategy that is rooted in core values such as professional excellence, collegiality and respect, teamwork and innovation.
  • It constantly seeks to develop and adapt integrated solutions that address the needs of global clientele across the automotive sector.
  • By providing value and cutting-edge technology, the company promotes its relationships, fosters growth and creates more value for shareholders who purchase company shares.

MARKET PERFORMANCE OF BCA MARKETPLACE PLC

  • BCA Marketplace plc trades on the London Stock Exchange (LSE) under the stock symbol “BCA”. It is a constituent of the FTSE 250 Index.

  • For fiscal 2018, it recorded total revenue of £ 2.431.5 million, operating income of £ 87.6 million and net income of £ 57.0 million. Investors who buy or sell company shares can therefore expect sound dividends and returns on their investments.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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