JCT600
| File:JCT 600 logo.png | |
| Company type | Motor retail group |
|---|---|
| Industry | Automotive |
| Founded | 1946 |
| Founder | Jack Tordoff |
| Headquarters | Apperley Lane, Bradford |
Number of locations | 52 (2019) |
Area served | Yorkshire, Derbyshire, Lincolnshire, North East and Nottinghamshire |
Key people | John Tordoff, CEO (2002–present) |
| Revenue | £1.277bn [1] (2019) |
| £23.2m (2018) | |
Number of employees | 2,000–2,500 (2019) |
| Website | https://www.jct600.co.uk/ |
JCT600 Ltd is a privately owned franchise motor firm that operates primarily in the North of England, with 52 dealerships between Boston and Newcastle.[2] The company represents twenty one car marques, and in 2019, achieved a turnover of over £1.277 billion[3], representing a 2% rise from £1.251 billion in 2018.
Company history
JCT600 was established in 1946 as Tordoff Motors, with one showroom that housed vehicles of Standard and Triumph.[4] Founder Jack Tordoff, a successful rally driver in the 1960s and 1970s and winner of the Circuit of Ireland Rally in 1973,[5] built the business over forty four years before his son and current CEO, John Tordoff, took over in November 2002. The elder Tordoff remains chairman.
The JCT600 company name came from the personal number plate of a Mercedes-Benz 600 that Jack Tordoff owned.[6] The company began to acquire Gilder Group dealer sites came in 2009, with York and Hull Audi joining the JCT600 Group. In March 2013, Gilder CEO Garry Scotting agreed to sell all but three Honda dealerships to John Tordoff, thanks to an earlier agreement that JCT600 had first refusal, should Scotting decide to sell.[7]
The Office of Fair Trading (OFT) investigated the acquisition under the merger provisions of the Enterprise Act 2002, to establish whether the merger would result in a substantial lessening of competition.[8]
Following a six month investigation, OFT cleared JCT600 in September 2013, with the company acquiring nine sites housing SEAT, Audi, Volkswagen and Volkswagen Commercial Vehicles. The move also saw the number of employees increase from 1,350 to over 1,800 across the group, and annual turnover exceed £800m.[9] The company had forty seven sites in the North East of England by June 2013,[8] rising to fifty in 2015.
Manufacturers
The group currently represents:
References
- ^ "Another year of record sales". JCT600. 2018. Retrieved July 1, 2018.
- ^ "Apperley Bridge firm in confident mood". Wharfedale and Airedale Observer. 15 December 2010. Retrieved 16 January 2015.
- ^ "Another Year of Record Turnover and Continuing Investment". JCT600. JCT600. Retrieved 8 June 2020.
- ^ "Company History". JCT600. Retrieved 1 June 2015.
- ^ "TEAM JCT600 WITH GARDX LAUNCHED". BTCC. 23 March 2015. Retrieved 1 June 2015.
- ^ "Sunday Times Rich List 2014: the 20 wealthiest people in Yorkshire". Huddersfield Daily Examiner. 19 May 2014. Retrieved 1 June 2015.
- ^ "JCT600 adds £200m turnover with acquisition". Automotive Management. 4 March 2013. Retrieved 16 January 2015.
- ^ a b "OFT to investigate JCT600 acquisition of Gilder Group". Automotive Management. 19 June 2013. Retrieved 16 January 2015.
- ^ Hutchinson, Curtis (17 September 2013). "OFT clears JCT600's Gilder acquisition". Motor Trader. Retrieved 16 January 2015.