South Wales-based motor factor LDS appears to have been acquired by Alliance Automotive Group, parent of Groupauto.
Neither party has issued a statement as of yet (AAG usually issues quaterly round- ups of its activities) however, Companies House Lyndon Smith, Louise Smith and Wayne Thomas were terminated as Directors in July, while John Coombes, the Finance Director at Alliance Automotive Group was appointed Director on the same day. Additionally, the registered office details have been changed to AAG’s Birmingham HQ.
LDS was formed in 1990 and the first branch was in Barry. Over the years the company grew to three branches, the largest of which was a new site in Barry measuring 19,000sq ft. A merger in 2014 with factor Normag led to the creation of a branch called LDS Normag. At the time of writing, the chain consists of 30 vans and 60 staff. It has enjoyed a good relationship with Groupauto, winning the coveted ‘Member of the Year’ award in 2014.
Go to comments