OverviewSuggest Edit

Our core business is the hire of light commercial vehicles to other businesses on flexible length contracts, which gives customers the flexibility to manage their vehicle fleet without a long-term commitment. Northgate has been operating in the sector since 1981.
Northgate is the biggest light commercial vehicle rental provider in the UK, with a UK wide network of 70 branches (most have workshop facilities) and a total fleet size of c.55,000 vehicles - meaning we can provide vehicles in 4 working hours within 25 miles of a branch. In addition to hiring out vehicles, Northgate also offers an increasing range of fleet management services to help customers manage their vehicle fleets more effectively in order to reduce costs, improve efficiency and ensure they are able to meet their legal and duty of care obligations.
In Spain, Northgate España has 23 locations and a combined fleet of over 38,000 vehicles. We are the market leaders in commercial vehicle hire in Spain.
Vehicle sales are an important part of the business and in the 2012 financial year the Group sold a total of 42,000 vehicles.
We primarily serve businesses operating in a wide range of industries of which construction and distribution are two of the largest. Other major sectors include local authorities, manufacturing and engineering, public utilities, retailers and wholesalers and a range of business services.
We employ in c.3,000 people across the Group.
Northgate plc is listed on the London Stock Exchange (NTG).

TypePublic
Founded1981
HQDarlington, GB
Websitenorthgateplc.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Feb 2019)3,000
Job Openings45
Revenue (FY, 2019)£745.5 M(+7%)
Share Price (Oct 2017)£4.5

Key People/Management at Northgate

Bill Spencer

Bill Spencer

Non-Executive Director
Jill Caseberry

Jill Caseberry

Non-Executive Director
Claire Miles

Claire Miles

Non-Executive Director
Philip Vincent

Philip Vincent

CFO
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Northgate Office Locations

Northgate has offices in Darlington, Aberdeen, Bolton, Brighton and in 59 other locations
Darlington, GB (HQ)
Northgate Centre, Lingfield Way
Telford, GB
Central Park, R B R House, Hawksworth Rd
Getafe, ES
Northgate España Av/ Isaac Newton 3 Parque Empresarial La Carpetania
Bedford, US
Bedford, TX, USA
Berkshire, US
Berkshire, NY 13736, USA
Birmingham, US
Birmingham, AL, USA
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Northgate Financials and Metrics

Northgate Revenue

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Northgate's revenue was reported to be £745.47 m in FY, 2019
GBP

Revenue (FY, 2019)

745.5m

Gross profit (FY, 2019)

152.9m

Gross profit margin (FY, 2019), %

20.5%

Net income (FY, 2019)

51.4m

EBITDA (FY, 2019)

262.7m

EBIT (FY, 2019)

75.5m

Market capitalization (31-Oct-2017)

593.6m

Closing stock price (31-Oct-2017)

4.5

Cash (30-Apr-2019)

35.7m

EV

557.9m
Northgate's current market capitalization is £593.6 m.
GBPFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

618.3m667.4m701.7m745.5m

Revenue growth, %

1%8%5%

Cost of goods sold

459.3m514.4m563.2m592.6m

Gross profit

159.0m153.0m138.4m152.9m
GBPFY, 1996FY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

37.4m17.6m31.0m18.9m15.5m24.3m26.1m31.5m46.2m41.4m24.0m35.0m15.0m19.1m9.7m55.2m41.2m21.4m35.7m

Accounts Receivable

22.9m28.5m29.7m37.5m40.0m43.9m45.8m41.8m76.3m94.9m142.5m68.6m65.1m71.8m58.1m53.7m59.0m60.7m

Inventories

1.9m3.4m7.6m3.7m5.8m6.7m8.0m10.3m15.3m18.2m8.9m8.7m19.2m19.1m21.7m23.1m33.7m31.8m29.8m

Current Assets

58.3m52.5m80.0m63.9m75.6m82.2m89.1m99.1m117.8m152.4m164.6m220.5m117.4m117.0m103.2m141.9m137.7m134.0m137.5m
GBPFY, 1996FY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

14.3m17.2m22.5m19.0m16.9m18.8m21.7m25.1m31.4m38.5m40.6m54.5m(7.4m)39.9m66.8m61.5m60.9m43.2m51.4m

Cash From Operating Activities

58.4m70.6m91.6m126.3m144.9m117.4m127.1m150.9m157.2m192.1m172.2m224.8m100.9m30.7m8.5m73.7m47.8m(81.8m)38.5m

Dividends Paid

4.7m5.5m7.1m7.6m8.0m8.5m9.1m9.7m11.1m12.8m13.5m16.9m5.7m12.2m14.6m21.9m23.4m23.4m

Cash From Financing Activities

(3.8m)(34.4m)(13.7m)(22.2m)(73.1m)(121.5m)31.6m21.7m16.5m35.2m145.2m104.6m(87.4m)(21.4m)(12.4m)(63.0m)(43.4m)87.3m(37.3m)
GBPY, 2019

EV/EBITDA

2.1 x

EV/EBIT

7.4 x

EV/CFO

14.5 x

Revenue/Employee

248.5k

Financial Leverage

2 x
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Northgate Online and Social Media Presence

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Northgate News and Updates

Northgate González Market Launches New 360 Degree Marketing Campaign "What A Feeling" During Latin Billboard Awards

ANAHEIM, Calif., April 25, 2019 /PRNewswire/ -- Northgate González Market will unveil a new multimedia campaign this Thursday during the highly popular Latin Billboards show featuring the grocery store's authentic food, ingredients, and fresh offerings around the themes of sports, music,...

Coinstar Installs Kiosks In Northgate Gonzalez Markets

BELLEVUE, Wash., Oct. 23, 2018 /PRNewswire/ -- Coinstar, LLC, the leader in self-service coin counting, today announced its installation of 40 coin-counting kiosks in all Northgate Gonzalez Markets, replacing previous coin-counting machines in the stores. "We're very pleased to partner...

Where to Find Affordable Rent in America's 8 Most Expensive Cities

Think you can't afford rent in San Francisco, New York, or Boston? Maybe you can if you look in the right places.

Beleaguered Cote and Northgate chairman under pressure from investors

A well-known FTSE chairman has come under fire from investors, after three of the companies he currently presides over have fallen into trouble. Andrew Page, senior independent director of Carpetright and chairman of restaurant chain Cote and commercial vehicle hire company Northgate, has been ca…

Human Resource Outsourcing 2017 Global Market Expected to Grow at CAGR 12.74% and Forecast to 2020

WiseGuyReports.Com Publish a New Market Research Report On - “Human Resource Outsourcing 2017 Global Market Expected to Grow at CAGR 12.74% and Forecast to 2020”. Posted via Industry Today. Follow us on Twitter @IndustryToday

Northgate provides $15 mln to NatGas

Northgate Capital has invested $15 million in NatGas. Based in Mexico, NatGas is an operator of natural gas stations.
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Northgate Frequently Asked Questions

  • When was Northgate founded?

    Northgate was founded in 1981.

  • Who are Northgate key executives?

    Northgate's key executives are Bill Spencer, Jill Caseberry and Claire Miles.

  • How many employees does Northgate have?

    Northgate has 3,000 employees.

  • What is Northgate revenue?

    Latest Northgate annual revenue is £745.5 m.

  • What is Northgate revenue per employee?

    Latest Northgate revenue per employee is £248.5 k.

  • Who are Northgate competitors?

    Competitors of Northgate include Tripping, Temporary Housing Directory and RedAwning.

  • Where is Northgate headquarters?

    Northgate headquarters is located at Northgate Centre, Lingfield Way, Darlington.

  • Where are Northgate offices?

    Northgate has offices in Darlington, Aberdeen, Bolton, Brighton and in 59 other locations.

  • How many offices does Northgate have?

    Northgate has 63 offices.