Derek Slack Motors

OverviewSuggest Edit

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.
TypePrivate
Founded1973
HQMiddlesbrough, GB
Websitederekslackmotors.co.uk

Locations

Derek Slack Motors is headquartered in
Middlesbrough, United Kingdom

Location Map

Latest Updates

Revenue (FY, 2018)£14 M(-4%)

Key People/Management at Derek Slack Motors

Tony Slack

Tony Slack

Managing Director & Retailer Principal
Chris Harrison

Chris Harrison

Service Manager
Andrew Bennett

Andrew Bennett

Accountant Responsible for the Running of Busy Finance Department.
Andrew Fowle

Andrew Fowle

Sales Manager
Derek Slack

Derek Slack

Chairman
Richard Goodyear

Richard Goodyear

Car Sales Controller
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Derek Slack Motors Office Locations

Derek Slack Motors has an office in Middlesbrough
Middlesbrough, GB (HQ)
Prospect Place A66
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Derek Slack Motors Financials and Metrics

Summary Metrics

Founding Date

1973
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Derek Slack Motors Revenue

Derek Slack Motors's revenue was reported to be £13.96 m in FY, 2018
GBP

Revenue (FY, 2018)

14.0m

Net income (FY, 2018)

407.0k

EBIT (FY, 2018)

498.1k

Cash (31-Dec-2018)

2.1m
GBPFY, 1998FY, 1999FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.1m1.4m11.6m11.6m11.5m14.0m15.4m13.9m13.3m14.6m14.0m

Revenue growth, %

11%(10%)

Cost of goods sold

920.6k1.2m10.6m10.7m10.7m12.9m14.4m13.1m12.3m13.6m

Gross profit

168.4k226.5k996.7k964.6k759.7k1.1m1.0m842.4k1.0m988.4k
GBPFY, 1996FY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

30.1k71.4k88.4k119.1k363.7k414.8k526.7k652.0k442.5k700.5k844.3k961.9k1.1m1.1m1.1m1.2m1.6m2.2m2.3m1.7m2.4m2.4m2.1m

Accounts Receivable

15.8k59.2k208.8k226.1k295.0k103.1k78.3k52.7k39.8k59.7k164.4k94.9k44.8k185.1k

Inventories

45.3k54.7k81.0k128.1k98.0k103.2k145.6k202.4k361.5k509.6k554.7k631.1k696.4k674.4k880.4k1.1m1.4m1.9m2.3m1.3m1.4m2.3m2.1m

Current Assets

86.7k138.8k190.5k311.9k477.5k596.4k787.4k960.7k982.8k1.4m1.5m1.8m2.0m2.0m2.3m2.6m3.3m4.2m4.8m3.4m4.4m4.8m4.6m
GBPFY, 1998FY, 1999FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

63.0k110.3k436.5k518.0k270.0k394.6k305.4k267.8k398.9k277.0k

Cash From Operating Activities

477.6k353.1k609.6k773.2k636.8k345.2k1.0m80.9k

Dividends Paid

14.6k20.5k156.2k118.2k117.2k142.2k166.2k454.9k166.2k390.2k

Cash From Financing Activities

(36.8k)(50.2k)(16.9k)27.9k34.4k(55.5k)(89.6k)73.0k
GBPY, 2018

Financial Leverage

1.7 x
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Derek Slack Motors Online and Social Media Presence

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Derek Slack Motors Frequently Asked Questions

  • When was Derek Slack Motors founded?

    Derek Slack Motors was founded in 1973.

  • Who are Derek Slack Motors key executives?

    Derek Slack Motors's key executives are Tony Slack, Chris Harrison and Andrew Bennett.

  • What is Derek Slack Motors revenue?

    Latest Derek Slack Motors annual revenue is £14 m.

  • Who are Derek Slack Motors competitors?

    Competitors of Derek Slack Motors include National Windscreens, Winchester Motor Company and SHB Hire.

  • Where is Derek Slack Motors headquarters?

    Derek Slack Motors headquarters is located at Prospect Place A66, Middlesbrough.

  • Where are Derek Slack Motors offices?

    Derek Slack Motors has an office in Middlesbrough.

  • How many offices does Derek Slack Motors have?

    Derek Slack Motors has 1 office.