Clive Brook Volvo has sold its two dealerships to family-run company, Ray Chapman Motors following the decision by founder and MD Clive Brook to retire.
The company’s Bradford and Huddersfield dealerships will be taken over by Ray Chapman Motors, who already operate Volvo franchises in neighbouring Malton and York.
Latest figures filed at Companies House show Ray Chapman turning in profits of £2.9m on £116.9m turnover in 2021. Clive Brooks, the Volvo Retailer of the Year in 2021, generated pre-tax profits of £1.07m on turnover of £55.3m.
Clive Brook (pictured left) said: “After nearly 40 years of working and 15 years of building and developing the Clive Brook brand, the time has now come for me to retire and to pass on our much-loved business, team members and loyal customers, into the capable and enthusiastic hands of the Chapman family.
“Much has changed in the motor trade over the years, and I’m very excited for Clive Brook Ltd to benefit from the scale and resources of being part of a successful and dynamic, but most importantly, family retailer group. I wish Duncan, the Chapman family, and the wider Ray Chapman team every success in the future.”
Duncan Chapman (pictured right), managing director of Ray Chapman Motors, said: “Clive has created a motoring retailer legacy in the North over the last few decades, and we look forward to continuing the exceptional experience, trust, and relationships that he has built with Volvo drivers in Bradford and Huddersfield.”
The deal was managed by David Kendrick and the automotive team at UHY Hacker Young who represented Clive Brook.
Kendrick said: “The two sites fit perfectly with Chapmans and now allows them to become a significant partner with Volvo. I don’t think this will be the last of the regional consolidation plays this year – it’s a time to Go or Grow for dealerships out there.”