Type Public Industry Vehicle rental Revenue 456.8 million GBP (2015) Net income 66.8 million GBP (2015) | Traded as LSE: NTG Website www.northgateplc.com Founded 1981 | |
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Key people Bob Mackenzie, Chairman
Robert Contreras, CEO Stock price NTG (LON) 565.00 GBX +2.00 (+0.36%)17 Mar, 5:13 PM GMT - Disclaimer Headquarters Darlington, United Kingdom Subsidiaries Fleet Technique Ltd. Profiles | ||
Northgate plc (LSE: NTG) is the UK's largest commercial vehicle rental provider, with over 100,000 vehicles in the UK and Spain. They are headquartered in Darlington, County Durham. 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. In 1986 Northgate Motor Holdings was established to acquire the Darlington, Newcastle upon Tyne and Stockton on Tees operations of the Group. In 1987 the business was acquired by Goode Durrant, a conglomerate, which changed its name to Northgate plc in 1999.
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.
In 2005 Arriva sold its UK-wide vehicle rental business to Northgate for £129 million.
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).