Northgate plc
Encyclopedia
Northgate plc is a British
based vehicle rental company headquartered in Darlington
, County Durham
, UK. It is listed on the London Stock Exchange
and is a constituent of the FTSE 250 Index
.
. In 1986 Northgate Motor Holdings was established to acquire the Darlington
, Newcastle upon Tyne
and Stockton on Tees operations of the Group. In 1987 the business was acquired by Goode Durrant, a conglomerate
, which changed its name to Northgate plc in 1999.
In 2002 the Company acquired 40% of Furgonetas de Alquiler SA, a Spanish
vehicle rental business, and has since exercised an option to buy the remainder.
In 2005 Arriva
sold its UK-wide vehicle rental business to Northgate for £129 million.
, where it has a wholly owned subsidiary called Furgonetas de Alquiler SA (FUALSA).
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
based vehicle rental company headquartered in Darlington
Darlington
Darlington is a market town in the Borough of Darlington, part of the ceremonial county of County Durham, England. It lies on the small River Skerne, a tributary of the River Tees, not far from the main river. It is the main population centre in the borough, with a population of 97,838 as of 2001...
, County Durham
County Durham
County Durham is a ceremonial county and unitary district in north east England. The county town is Durham. The largest settlement in the ceremonial county is the town of Darlington...
, UK. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
Northgate was founded by Alan Noble in 1981 when he established Noble Self Drive in DarlingtonDarlington
Darlington is a market town in the Borough of Darlington, part of the ceremonial county of County Durham, England. It lies on the small River Skerne, a tributary of the River Tees, not far from the main river. It is the main population centre in the borough, with a population of 97,838 as of 2001...
. In 1986 Northgate Motor Holdings was established to acquire the Darlington
Darlington
Darlington is a market town in the Borough of Darlington, part of the ceremonial county of County Durham, England. It lies on the small River Skerne, a tributary of the River Tees, not far from the main river. It is the main population centre in the borough, with a population of 97,838 as of 2001...
, Newcastle upon Tyne
Newcastle upon Tyne
Newcastle upon Tyne is a city and metropolitan borough of Tyne and Wear, in North East England. Historically a part of Northumberland, it is situated on the north bank of the River Tyne...
and Stockton on Tees operations of the Group. In 1987 the business was acquired by Goode Durrant, a conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
, which changed its name to Northgate plc in 1999.
In 2002 the Company acquired 40% of Furgonetas de Alquiler SA, a Spanish
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
vehicle rental business, and has since exercised an option to buy the remainder.
In 2005 Arriva
Arriva
Arriva plc is a multinational public transport company owned by Deutsche Bahn and headquartered in Sunderland, United Kingdom. It has bus, coach, train, tram and waterbus operations in 12 countries across Europe, employs more than 47,500 people and services over 1.5 billion passenger journeys each...
sold its UK-wide vehicle rental business to Northgate for £129 million.
Operations
The Company owns a number of businesses which provide commercial vehicle services to business under several trading names. Outside the UK its most important market is SpainSpain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
, where it has a wholly owned subsidiary called Furgonetas de Alquiler SA (FUALSA).