10:22 am, May 20, 2014
THE latest Sunday Times Rich List has been published – and, as in previous years, there is a strong showing by the wealthiest car dealers in the UK.
The newspaper’s annual review of personal wealth reports that Sir Arnold Clark is the highest-rated dealer group boss. He is positioned at number 148 based on a family fortune of £675 million and has risen 24 places from number 172 in last year’s list.
The next automotive trade representative in the list is Lord Edmiston, the founder and owner of IM Group, the UK distributor of Subaru, Great Wall and Isuzu. Edmiston’s fortune is estimated at £452 million and he is placed at number 228.
The list shows his fortune has risen by £12 million since 2013 when he was placed at number 209.
Jack Tordoff, chairman of West Yorkshire-based JCT600, and his family are rated at number 272 with a fortune of £353 million. The family and company continue to thrive, with their fortune increasing by £23 million on 2013, when they were placed at number 261.
Sukhpal Singh Ahluwalia, the founder of Euro Car Parts, is rated at 307 with accumulated wealth of £300m. Last year he was placed 277th with the same monetary wealth.
Geoffrey Warren of Car Giant is placed at number 421 in the list with a reported fortune of £220 million. His monetary value is the same as last year but he has dropped 65 places in the list.
Tony Bramall, whose businesses have included CD Bramall and Bramall and Jones, is rated at 448 based on his fortune of £209m. Last year he was in 417th place with his fortune £17 million less than it was this year.
The list places Sir Peter Vardy and his family at number 534 (down 30 places from 504 last year) with their fortune of £175 million (£155 million in 2013). Vardy and his family sold the Reg Vardy business to Pendragon in 2005 in a £450 million deal.
Sharing the 534th slot are Keith Bradshaw and family (Listers), also with a recorded fortune of £175 million (up £30 million and up 25 places).
The final three car dealers listed are as follows:
- In 561st place (down from 473 last year): Sir Colin Giltrap, with a fortune of £167 million (down £2 million on 2013).
- In 751st place (a new entrant for 2014): Terry Lister and family (£120 million).
- In 921st place (down from 956 last year): Douglas Park and family of Park’s Motor Group (£95 million, up £17 million on last year).
Publication of the list prompted a discussion thread in the Car Dealer Forum, with Umesh Samani of Specialist Cars in Stoke-on-Trent adding the light-hearted comment: ‘I’d like to know why none of my twitter friends are not on here ! Come on guys – or do we need to stop tweeting and get selling!’
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