Derek Slack Motors

Derek Slack started business in 1973 in a small rented workshop in Coral Street in central Middlesbrough repairing motor cars. Derek served his time as a motor mechanic and has worked at a number of garages, gaining a wide range of experience on most makes of cars. 1973 was not a special year, it had plenty of disasters and triumphs, the prime minister was Tory Edward Heath and Britain was at the height of disruption with Trade Unions, 3 day weeks and the Arab Oil Embargo. Despite the uncertain economic climate Derek prospered and eventually purchased larger premises in Stonehouse Street, Linthorpe. Now specialising in Reliant Tricycles, Derek became the aftersales agent for supplying parts and eventually for sales of new cars. Again for a third time in 1984 Derek had ran out of space and moved around the corner to Cumberland Road to larger premises, which had a small showroom and space to become an MOT centre. In 1986 Dereks son Tony joined the business and in his fathers footsteps became an apprentice motor mechanic. In 1993 Derek Slack Motors became the new agent for Skoda in Teesside. Volkswagen had just purchased Skoda, which would mean long-term investment, security and product development for the budget Czechoslovakian car maker. Derek Slack Motors continued to grow as demand for the ever improving Skoda cars grew, making them more and more popular. Again running short of space Derek and Tony purchased three acres of land adjacent to the A66 dual carriageway on the East of Middlesbrough and built their current ‘home’, a purpose built modern garage complete with, workshops, parts departments, showrooms, used car display areas, customer car parking and storage areas. Derek Slack Motors is still growing and is still family run, Derek Slack is Chief Executive and Tony Slack Managing Director responsible for the day to day running of the operation.
Type
Private
HQ
Middlesbrough, GB
Founded
1973
Derek Slack Motors was founded in 1973 and is headquartered in Middlesbrough, GB

Derek Slack Motors Office Locations

Derek Slack Motors has an office in Middlesbrough
Middlesbrough, GB (HQ)
8 Cargo Fleet Ln

Derek Slack Motors Financials and Metrics

Summary Metrics

Founding Date

1973

Derek Slack Motors Financials

Derek Slack Motors's revenue was reported to be £13.9 m in FY, 2015 which is a 10% decrease from the previous period.
GBP

Revenue (FY, 2015)

13.9 m

Revenue growth (FY, 2014 - FY, 2015), %

(10%)

Gross profit (FY, 2015)

842.4 k

Gross profit margin (FY, 2015), %

6%

Net income (FY, 2015)

267.8 k

Cash (31-Dec-2015)

1.7 m
GBPFY, 2013FY, 2014FY, 2015

Revenue

14 m15.4 m13.9 m

Revenue growth, %

11%(10%)

Cost of goods sold

12.9 m14.4 m13.1 m

Gross profit

1.1 m1 m842.4 k
GBPFY, 2013FY, 2014FY, 2015

Cash

2.2 m2.3 m1.7 m

Accounts Receivable

39.8 k59.7 k164.4 k

Current Assets

4.2 m4.8 m3.4 m

PP&E

1.4 m1.6 m1.9 m
GBPFY, 2013FY, 2014FY, 2015

Cash From Operating Activities

773.2 k636.8 k345.2 k

Cash From Financing Activities

27.9 k34.4 k(55.5 k)

Income Taxes Paid

(116.4 k)(84.2 k)(14.2 k)
Y, 2015

Financial Leverage

1.6 x
Show all financial metrics

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Derek Slack Motors Online and Social Media Presence

Derek Slack Motors Company Life and Culture

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