About Richford Motoring Services
Richford Motoring Services is a company based in Alfreton (United Kingdom) founded in 1990.. The company has 132 employees as of September 30, 2018. Richford Motoring Services offers products and services including Rescue and Recovery, Transport Logistics, and Workshop Services. Richford Motoring Services operates in a competitive market with competitors including RAC, Egertons Recovery, Patcher, The Mansfield Group and Lantern Recovery, among others.
- Headquarter Alfreton, United Kingdom
- Employees 132 as on 30 Sep, 2018
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Richford Motor Services Limited
- Date of Incorporation 03 Sep, 1998
- Jurisdiction ALFRETON, DERBYSHIRE, ENGLAND
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Annual Revenue
$23.53 M (USD)0as on Mar 31, 2023
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Net Profit
$4.59 M (USD)0as on Mar 31, 2023
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EBITDA
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Latest Funding Round
$3.56 M (USD), Debt – Conventional
Nov 17, 2022
- Investors
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Employee Count
132
as on Sep 30, 2018
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Products & Services of Richford Motoring Services
Richford Motoring Services offers a comprehensive portfolio of products and services, including Rescue and Recovery, Transport Logistics, and Workshop Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides breakdown assistance and vehicle recovery for cars and commercials.
Handles covered and low loader transportation for various vehicles.
Offers automotive repairs and bodyshop work for maintenance needs.
Funding Insights of Richford Motoring Services
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $3.6M
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First Round
First Round
(17 Nov 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Debt – Conventional - Richford Motoring Services | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Richford Motoring Services
Richford Motoring Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HSBC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Universal banking and financial advisory services are provided globally.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Richford Motoring Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Richford Motoring Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Richford Motoring Services Comparisons
Competitors of Richford Motoring Services
Richford Motoring Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RAC, Egertons Recovery, Patcher, The Mansfield Group and Lantern Recovery, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Vehicle parts and accessories are sold via an online platform.
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Repair, breakdown recovery, specialist assistance, and fleet services are provided.
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A smartphone app offering roadside assistance and car maintenance services.
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Offers 24/7 vehicle rescue, recovery, and roadside assistance services.
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Provides nationwide vehicle breakdown and recovery services to individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Richford Motoring Services
Frequently Asked Questions about Richford Motoring Services
When was Richford Motoring Services founded?
Richford Motoring Services was founded in 1990 and raised its 1st funding round 32 years after it was founded.
Where is Richford Motoring Services located?
Richford Motoring Services is headquartered in Alfreton, United Kingdom.
How many employees does Richford Motoring Services have?
As of Sep 30, 2018, the latest employee count at Richford Motoring Services is 132.
What is the annual revenue of Richford Motoring Services?
Annual revenue of Richford Motoring Services is $23.53M as on Mar 31, 2023.
What does Richford Motoring Services do?
Richford Motoring Services was established in 1990 in Alfreton, United Kingdom. Operations focus on the automotive sector, where vehicle assistance, recovery, workshop repairs, and additional motor services are delivered. The company is managed by Phil Richford as Managing Director. Services are centered in the local area, supporting vehicle maintenance and emergency needs for customers in the region.
Who are the top competitors of Richford Motoring Services?
Richford Motoring Services's top competitors include RAC, Egertons Recovery and Patcher.
What products or services does Richford Motoring Services offer?
Richford Motoring Services offers Rescue and Recovery, Transport Logistics, and Workshop Services.
Who are Richford Motoring Services's investors?
Richford Motoring Services has 1 investor. Key investors include HSBC.