Tyre wholesaler Bond International acquires Scottish distributor in latest deal

Trending Today

North Yorkshire’s Bond International has acquired Spring Distribution (Scotland) Ltd along with a 200,000 sqft warehouse in Scotland.

The £299m turnover, Pocklington-based tyre wholesaler says the move for Bathgate’s Spring Distribution is part of ongoing growth, and follows three earlier acquisitions this year. It is intended to give Bond, which has bases across England, the ability to serve a large proportion of Scotland from the warehouse location on the M8, meaning it can deliver several times a day to Glasgow and Edinburgh.

So far this year, Bond has also acquired Stepgrades Motor Accessories Ltd, trading as Viking Wholesale Tyres, and Birkenshaw Distributors Ltd from Halfords Group. Bond has been advised on its acquisitions by Leeds-based firm Clarion Law.

Charlie Bond, Bond International CEO, said: “Another part of our expansion plan was a site in Scotland. We have been fortunate to find a warehouse not only big enough for our anticipated sales levels, but in the perfect location, logistically, to be able to give all of our Scotland based customers high delivery service levels. This is another step in our ongoing expansion plan and the team at Clarion were integral in facilitating and supporting the deal. We look forward to working with them further as we continue to expand.”

Jonathan Simms, partner in Clarion’s corporate team said: “We’re always pleased to support thriving businesses with an entrepreneurial spirit that matches our own. Bond are a pleasure to work with and the team are really enjoying supporting them on their exciting journey. This latest acquisition in Scotland further enhances Bond’s excellent customer service.”

Last year Bond International revised plans for a new headquarters at Pocklington, on the back of growth. Latest accounts for the firm, covering 2022, show 19% revenue growth in sales revenue.

Original artice – https://business-live.co.uk/all-about/yorkshire-humber

Now Playing

Recently Played

Latest News

Starmer has economy as top priority on Saudi trip amid human rights concerns

Sir Keir Starmer is putting efforts to kickstart economic growth above human rights concerns as he meets Saudia Arabia’s crown prince Mohammad bin Salman. Downing Street said the economy was Sir Keir’s “number one priority” but insisted he would still be able to raise concerns about the Saudi government’s human rights record. Campaign group Reprieve called on Sir Keir to raise the issue of children facing the death penalty in Saudi Arabia, while the widow of murdered journalist Jamal Khashoggi urged the Prime Minister to question the crown prince about the case. Sir Keir accused predecessor Boris Johnson of “going cap in hand from dictator to dictator” when the former prime minister met the Saudi crown prince in 2022. The Prime Minister’s official spokesman said: “Promoting economic growth is the Prime Minister’s number one priority, he has been very clear about that. “You saw the Prime Minister’s plan for change last week, you can see the Government’s clear priorities for the British people as part of that. “But no aspect of the relationships that we’re building internationally … stops us from raising issues around human rights and protecting our protecting our values globally.” As part of the visit to Saudi Arabia, the Government has signed a deal to share expertise in culture, heritage and tourism. Historic England is finalising a new partnership with the Saudi Heritage Commission while a deal has been agreed which will see the Department for Culture, Media and Sport and Department for Business and Trade (DBT) collaborate with the Royal Commission for AlUla to help boost tourism. Graphene Innovation Manchester is to announce the launch of the world’s first commercial production of graphene-enriched carbon fibre on Monday. The advanced material is considered environmentally sustainable, and will be used in Saudi Arabia’s Neom project, which is aiming to build a huge urban area. Some £250 million of investment into a research and innovation hub in Greater Manchester and more than 1,000 skilled jobs could be created as a result of the deal. Britain and the Saudis will work to set up an international institute for clean hydrogen, backed by a consortium of universities, including Newcastle University. But Sir Keir faced pressure to raise human rights concerns directly with the crown prince. Reprieve deputy executive director Dan Dolan said: “When Boris Johnson visited Mohammed bin Salman in 2022, three days after the mass execution of 81 people, Sir Keir Starmer was rightly scathing of Johnson’s unconditional embrace of one of the world’s most prolific executioners of protesters. “Now he is the Prime Minister, he has the opportunity to address the escalating execution crisis in Saudi Arabia. “If he publicly raises the cases of child defendants Abdullah al-Howaiti and Abdullah al-Derazi when he meets with the Crown Prince, he could save their lives.” Mr Khashoggi’s widow Hanan Elatr Khashoggi told the Guardian that Sir Keir should demand answers about what happened to her husband, who was killed inside the Saudi consulate in Istanbul in 2018. “I hope my husband’s case has not been forgotten, and I will always maintain to make sure it is not forgotten,” she said. “There is unfinished business here. There has to be justice for Jamal Khashoggi.” Sir Keir’s visit to Riyadh on Monday follows time in the United Arab Emirates where he met president Sheikh Mohamed bin Zayed al-Nahyan. The two discussed the “evolving situation in Syria” and the Prime Minister “welcomed His Highness’s reflections on how to achieve stability in the wider region against the broader geopolitical backdrop”, a Downing Street spokeswoman said. “Turning to the bilateral relationship, they agreed on the untapped potential in areas such as artificial intelligence, and a joint desire to build on existing co-operation in defence and security,” the spokeswoman said. “They also discussed a shared ambition for greater investment and trade, building on the close personal ties between the British and Emirati people.” Published: 09/12/2024 by Radio NewsHub

Reeves pushes for closer trade ties with EU in Brussels talks

Improving trade ties with the European Union could boost the economy and drive up living standards, Rachel Reeves claimed, as she attended a meeting of EU finance ministers. She said becoming the first Chancellor to attend a meeting of European counterparts since Brexit was a “milestone moment” as the UK seeks to “reset” its relationship with Brussels. It is “in our national interest to have more normal trading relations with our nearest neighbours and trading partners”, she said. Ms Reeves told reporters in Brussels: “Economic growth is not a zero-sum game. “Countries right across Europe, inside and outside the European Union, including the UK, have struggled with low growth, poor productivity and stagnant living standards these last few years. “Competitiveness and trade, crucially, are really important for driving productivity and growth. “And so, as we reset our relations, it is with the purpose of growing our economy and improving living standards for ordinary working people.” German finance minister Jorg Kukies said it was a “good signal” that the Chancellor was visiting Brussels, but suggested there were limits to what could be achieved within the Government’s red lines of not rejoining the single market or customs union. He said: “It’s a good signal that there is this dialogue now and that there are these ideas. “But of course, the new British Government has made commitments to the British electorate and I don’t think it would be appropriate for us to call those into question, because those are part of the electoral platform on which it was elected.” Asked if he wanted to be as ambitious as possible on lowering trade barriers, Mr Kukies said: “Germany is a very open country to trade, and we’ve seen that the intensity of trade with the United Kingdom has gone down quite substantially, if I measure it against our trade partners in the world. “We used to do a lot more on relative basis with United Kingdom than we are doing now, and we are very actively looking to diversify our trade partners and to do more in terms of trade. “So, of course, any progress would be highly welcome, but we completely understand that the UK population has taken a different decision. And we have to respect that.” Ireland’s Jack Chambers said Ms Reeves’ presence at the meeting of eurozone finance ministers marked the “turning of a new leaf” in UK-EU relations. He said it was “an important day in terms of wider EU-UK reset of relations”, adding: “I think the fact that, as a starting point, the British Government wants to have such an engagement compared to what was there in the previous number of years, where we had a very different type of language from the British Government, is welcome.” Shadow business secretary Andrew Griffith suggested Ms Reeves should look to Donald Trump, rather than the EU, for trade growth. He said: “If she is interested in growth, she should tell the Prime Minister to jump on a plane to the US and talk to Trump about getting a US-UK trade deal done, not trying to take Britain backwards into the slow-growth EU.” Daisy Cooper, Liberal Democrat deputy leader and Treasury spokesperson, said: “It’s difficult to understand why they are failing to pursue the UK-EU youth mobility scheme, which would be a good first step, provide a boost to the economy and give young people opportunities to live and work across Europe.” Published: 09/12/2024 by Radio NewsHub

The V.I.P Club 👑

Join the V.I.P Club and receive exclusive special offers, competitions and amazing prizes. It’s FREE and easy to do!

ON AIR NOW:

Tyre wholesaler Bond International acquires Scottish distributor in latest deal

Now Playing

Recently Played

Latest News

Starmer has economy as top priority on Saudi trip amid human rights concerns

Reeves pushes for closer trade ties with EU in Brussels talks

Follow us

The V.I.P Club 👑

Back to top

We are Proud Members of

Station Sponsor

Sponsors

Contact: