Redde Northgate PLC (LSE:REDD)


Redde Northgate plc is the UK's biggest business vehicle rental supplier, with more than 100,000 vehicles in the UK and Spain. It is settled in Darlington, County Durham. The organization is recorded on the London Stock Exchange and is a constituent of the FTSE 250 Index. Redde Northgate plc is a central coordinated mobility solutions platform incorporated in February 2020 after the all-share Merger of light commercial hire business Northgate plc and Redde plc, the incident and accident management supplier, mobility, and legal services.

The Company provides mobility arrangements and car administrations to a scope of organizations and clients crossing the vehicle life cycle across vehicle supply, administration, support, fix, recuperation, mishap and incidents and disposing of vehicles through deal or rescue. Its business sections incorporate UK and Ireland, and Spain. The mainstream business model recruits light business vehicles to organizations on an adaptable and term premise. The Company works with insurance agencies, protection intermediaries, engine vendors, and national fleet owners. It offers administrations through a vast fleet of claimed vehicles and oversaw vehicles in more than 100 outlets across the United Kingdom, Ireland, and Spain.

The Combined Group plans to hold broad tasks across the UK, Ireland, and Spain, distinguishing the ideal organization by eliminating cover and improving in general scale to line up with the requirements of the Combined Group's portfolio and its productive conveyance to clients. This will be accomplished by guaranteeing that vehicles are nearer to clients, bringing about lower conveyance and assortment costs. Regarding administrative center and corporate capacities, where cover and duplication exist, following a survey of the alternatives accessible, exercises will be merged and legitimized to consider the better reconciliation of the Combined Group. With a broad organization and expanded fleet of more than 110,000 possessed vehicles and more than 500,000 oversaw cars above 170 branches across the UK, Ireland, and Spain, the Group means to use its scale, reach and extensive set-up of incorporated administrations to offer a market-driving client recommendation and drive upgraded returns for investors. The Company's primary focus is on completing the integration of the Merger which has taken place. The Company also aims to increase the development of the significant Group's products and services. Expansion in terms of service diversification and exploiting avenues for geographic growth is the parallel aspect the Company has been focusing upon. The combined Group has set the base for the innovation of an integrated platform to reduce customer and employee disruption while providing benefits to all the stakeholders.

Contact Information

company address Lingfield Way DL1 4PZ United Kingdom

company phone+44.1325.467558

company website

Similar Companies