Pendragon PLC Pendragon to Open New Coventry Distribution Centre
13 July 2017 - 4:00PM
UK Regulatory
TIDMPDG
Pendragon to Open New Coventry Distribution Centre
The Company is pleased to announce the opening of a brand new ten-acre
distribution centre in Coventry, which will be operated through its Evans
Halshaw brand, the UK's leading online automotive retailer.
The site has been designed to de-fleet vehicles returning from lease and
prepare them for onward movement to the Company's Evans Halshaw outlets across
the UK. In addition, the site also has a used car retail outlet with vehicle
display for over 400 cars and extensive vehicle refurbishment workshop
capacity. The distribution centre is expected to become fully operational in
the final quarter of the year and handle over 25,000 vehicle de-fleets in its
first full year of operation.
The facility forms part of the Company's strategy to build a national chain of
used car outlets and this development fills the Coventry area, which was one of
40 key markets where the group had no used car sales presence. The Evans
Halshaw Car Store retailer will stock a wide range of makes and models, all
available with aftercare plans and backed by the Evans Halshaw Price Guarantee.
Since opening, the Coventry site has created 66 jobs for people in the local
area, from entry level roles through to leadership. The launch of the new
distribution centre has also created a number of new job opportunities for
Vehicle Technicians, offering the opportunity to work within a brand-new
workshop with state-of-the-art facilities, on a wide variety of vehicles. The
team is now recruiting to fill the final few vacancies, which include
Technicians and roles within Accountancy, Sales and Administration.
Trevor Finn, Chief Executive said:
"This is a huge forward step for our used car strategy and we are excited to
get the Coventry distribution centre fully operational. The versatility of the
site is exciting, as we can prepare thousands of cars before they are sold on
in our Evans Halshaw Car Store centres. As announced in our 27 April 2017 IMS,
we have made a strong start to 2017, and the distribution centre will ensure we
build on the progress already made. Our interim results for the first half of
2017 will be released on 1 August 2017".
Discover more about the site's retail operation, Evans Halshaw Car Store
Coventry, at http://www.evanshalshaw.com/dealers/car-store-coventry/
Enquiries
Trevor Finn Chief Executive Pendragon PLC 01623 725114
Tim Holden Finance Director Pendragon PLC 01623 725114
Gordon Simpson Partner Finsbury 0207 2513801
Philip Walters Principal Finsbury 0207 2513801
END
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