The Kent-based business, which launched in 1986 from its founder, Peter Waddell from his home in Tenyham, has announced on the 11th April that they have seen Freshstream in invest in the car supermarket.
Big Motoring World has an ambitious growth plan which has seen the acquisition of two new premises in Peterborough that had been operated by SW Car Supermarket in 2021 coupled with a rebrand in February this year.
The Freshstream investment which is undisclosed was from Peter Waddell and John Bailey. John Bailey leaves the business at this point with Peter Waddell remaining as CEO.
Big Motoring World operates from five sites employing over 650 staff and selling an average of 22,000 cars a year, placing it in the top 10 dealers across the UK. Big Motoring World prides itself on providing a wide range of choice of quality used cars combined with a customer service focus.
This is the third investment by Freshstream since it spun out of Bregal Investments in 2020 with Freshstream commenting “We are thrilled to be supporting the Big Motoring World team on the next chapter of their development. They have built a well-regarded platform and are well-positioned to capitalise on the sector trends in the coming years.”
For further information please contact:
Sonia Mattis or Kevin Stewart at firstname.lastname@example.org
Keep up-to-date with CarsVansandBikes.com on Twitter; @Carsvansbikes
CarsVansandBikes.com is a digital advertising website that enables people to easily find a "new to them" used or new car, van or motorbike based on what is important to them. We live the mantra As easy as CVB.
It does not accept advertising or sponsored listings, so all vehicles listed are offered in a completely unbiased method - unlike other similar platforms. CarsVansandBikes.com makes its money through fees paid by motor dealers advertising their vehicle stock all advertising stock in a fair and transparent manner.
When they launched in 2021, it was the first automotive advertising platform that had no extras, everything that is offered to assist vehicle sellers connect with potential customers is included together with providing full vehicle details rather than just listing prices, with the aim of helping people to make better-informed. Their ambition is remove £1billion from dealer and private customer advertising spending – ultimately helping reduce the costs of cars, vans and bikes for the buyer instead of exaggerating the profits of media giants. They are resolute in their view that currently anyone advertising vehicles has been ripped off by all the media giants.
Motor dealers benefit from rates that are fixed until the end of 2023 with private customers offered the full advertising services offered by CarsVansandBikes.com permanently free of charge. Dealers benefit from a growing suite of unique tools allowing them to gain maximum benefit from the challenging and changing face of the automotive marketplace.
CarsVansandBikes Limited trades as CarsVansandBikes.com.