About Richmond Motor Group
Richmond Motor Group is a company based in Portsmouth (United Kingdom) founded in 1997 by Michael Nobes.. Richmond Motor Group has completed 2 acquisitions, including Newmans and The Sparshatts Group. Richmond Motor Group offers products and services including New Cars, Used Cars, Servicing, Motability Offers, and Finance Options. Richmond Motor Group operates in a competitive market with competitors including W R Davies, Robinsons Caravans, Shelbourne Motors, Chorley Group and RJTK Automotive, among others.
- Headquarter Portsmouth, United Kingdom
- Founders Michael Nobes
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Richmond Motor Group
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$14.21 M (USD), Debt – Conventional
Nov 29, 2019
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Newmans
& 1 more
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Products & Services of Richmond Motor Group
Richmond Motor Group offers a comprehensive portfolio of products and services, including New Cars, Used Cars, Servicing, Motability Offers, and Finance Options. 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.
Sales of new vehicles from brands like Hyundai and Škoda
Resale of pre-owned cars with various makes and models
Maintenance and repair services for vehicles
Assistance schemes for disabled drivers
Loan and payment plans for car purchases
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Funding Insights of Richmond Motor Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $14.2M
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First Round
First Round
(29 Nov 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Debt – Conventional - Richmond Motor Group | Valuation |
investors |
| 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 |
Investors in Richmond Motor Group
Richmond Motor Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Metro Bank. 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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Commercial banking services are provided in the United Kingdom.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Richmond Motor Group
Richmond Motor Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Newmans and The Sparshatts Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online dealer of used & new cars
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1997 | ||||
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Provider of new & used cars, servicing, repairs, parts and accessories
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1921 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Richmond Motor Group
| 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 |
investors |
Richmond Motor Group Comparisons
Competitors of Richmond Motor Group
Richmond Motor Group 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 W R Davies, Robinsons Caravans, Shelbourne Motors, Chorley Group and RJTK Automotive, 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 |
Dealership of new & used cars
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| domain | founded_year | HQ Location |
Dealer of new and used caravans
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| domain | founded_year | HQ Location |
Sells new and used cars, vans, provides servicing and financing in Northern Ireland.
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| domain | founded_year | HQ Location |
New and used car dealership offering sales, services, finance, and Motability options in the UK.
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| domain | founded_year | HQ Location |
Car sales and maintenance services are delivered through dealership operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Richmond Motor Group
Frequently Asked Questions about Richmond Motor Group
When was Richmond Motor Group founded?
Richmond Motor Group was founded in 1997 and raised its 1st funding round 22 years after it was founded.
Where is Richmond Motor Group located?
Richmond Motor Group is headquartered in Portsmouth, United Kingdom.
What does Richmond Motor Group do?
Richmond Motor Group was founded in 1997 and is based in Portsmouth, United Kingdom. The automotive dealership operates within the sector of vehicle sales, handling both new and used cars. Leadership is provided by founder and managing director Michael Nobes. Core activities are centered on local distribution and related services in the regional market, supporting standard dealership functions without specified expansions.
Who are the top competitors of Richmond Motor Group?
Richmond Motor Group's top competitors include Wessex Garages, W R Davies and Bristol Street Motors.
What products or services does Richmond Motor Group offer?
Richmond Motor Group offers New Cars, Used Cars, Servicing, Motability Offers, and Finance Options.
How many acquisitions has Richmond Motor Group made?
Richmond Motor Group has made 2 acquisitions, including Newmans, and The Sparshatts Group.
Who are Richmond Motor Group's investors?
Richmond Motor Group has 1 investor. Key investors include Metro Bank.