Zigup

Zigup plc
Formerly	Goode Durrant & Murray,; Northgate plc,; Redde Northgate plc;
Company type	Public
Traded as	LSE: ZIG; FTSE 250 component;
Industry	Vehicle rental
Founded	2 July 1897; 127 years ago (the legal entity); ; 1981 (the Northgate business); entity)2020 (Redde Northgate)
Headquarters	Darlington, County Durham, England, United Kingdom
Key people	Avril Palmer-Baunack, chairman; Martin Ward, chief executive;
Revenue	£1,489.7 million (2023)
Operating income	£199.5 million (2023)
Net income	£139.2 million (2023)
Website	www.zigup.com

Zigup plc is a large commercial vehicle rental provider and of accident management and repair services, operating in the UK, Ireland and Spain.^[2] It is headquartered in Darlington, County Durham with over 130,000 vehicles, mainly light commercial vehicles. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

Goode Durrant plc

Goode Durrant plc was incorporated on 2 July 1897.^[3]

In January 1987, Goode Durrant & Murray Group plc was acquired by an Australia-listed company Ariadne Australia via its Hong Kong-listed company Impala Pacific, which renamed the UK company to Goode Durrant plc.^[4]^[5]

In July 1987, Goode Durrant acquired Northgate Motor Holdings, a company established by Alan Noble in 1981 as Noble Self Drive in Darlington.^[6]

In 1997, Goode Durrant bought Transport Development Group (TDG) Vehicle Rental.^[7]

Northgate plc

In 1999, Goode Durrant plc was renamed into Northgate plc.^[6] In 2002 the Company acquired 40% of Furgonetas de Alquiler SA, a Spanish vehicle rental business, and subsequently exercised an option to buy the remainder.^[8] In 2005, Arriva sold its UK-wide vehicle rental business to Northgate for £129 million.^[9]

Kevin Bradshaw replaced Bob Contreras as chief executive in 2017.^[10]^[11]

Redde Northgate plc

In 2020, Northgate plc merged with Redde plc, a provider of replacement vehicle, incident and accident management services, to form Redde Northgate plc.^[12]

Martin Ward replaced Kevin Bradshaw as chief executive as part of the merger.^[13]

Zigup Plc

In 2024, Redde Northgate plc announced a change of name to become Zigup plc.^[14]^[15]

Operations

The Company offers vehicle rental, fleet management, electric charging installation, vehicle disposal, vehicle ancillary services, replacement vehicle, repairs, incident & claims management, vehicle data and EV fleet consulting.^[16]

References

^ ^a ^b ^c "Annual Report 2023" (PDF). Redde Northgate. Retrieved 13 February 2024.
^ "About us". Northgate. Retrieved 10 April 2016.
^ "Redde Northgate plc". Companies House. Retrieved 11 April 2021.
^ "怡勝太平洋昨日宣佈獲英一公司逾半股權". Ta Kung Pao (in Chinese). Hong Kong. 21 January 1987. p. 9 – via Hong Kong Public Libraries.
^ 1985–86 Annual Report. Goode Durrant PLC. 10 July 1987 – via Companies House.
^ ^a ^b "History". Nortgate plc. Archived from the original on 1 September 2006. Retrieved 6 October 2017.
^ "Goode Durrant buys rental group". fleetnews.co.uk. 12 September 1997. Retrieved 6 October 2017.
^ Brodie, Sophie (12 January 2005). "White van man gives Northgate 23pc rev-up". telegraph.co.uk. Retrieved 27 January 2023.
^ Kennedy, Simon (31 January 2006). "Northgate to buy Arriva Vehicle Rental for GBP129.3M". MarketWatch.
^ "Northgate CEO Bob Contreras to step down". Reuters (Press release). 6 December 2016. Archived from the original on 19 September 2018. Retrieved 27 January 2023.
^ Waller, Martin (20 September 2017). "Spain eases the pain of British slowdown". The Times. UK. Retrieved 27 January 2023.
^ "Home - Redde Northgate plc". reddenorthgate.co.uk. Retrieved 26 March 2021.
^ Shabong, Yadarisa (29 November 2019). "Van hire firm Northgate to buy accident claims handler and ditch CEO". Reuters. Retrieved 26 March 2021.
^ "Redde Northgate Plc - Change of Name – Company Announcement - FT.com". markets.ft.com. Retrieved 24 May 2024.
^ Bird, Alice (15 May 2024). "Redde Northgate to sign off name change after "positive" year".
^ "Our Businesses - Redde Northgate plc". reddenorthgate.co.uk. Retrieved 26 March 2021.

External links

Official website

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[results-1] "Annual Report 2023" (PDF). Redde Northgate. Retrieved 13 February 2024.

[2] "About us". Northgate. Retrieved 10 April 2016.

[3] "Redde Northgate plc". Companies House. Retrieved 11 April 2021.

[4] "怡勝太平洋昨日宣佈獲英一公司逾半股權". Ta Kung Pao (in Chinese). Hong Kong. 21 January 1987. p. 9 – via Hong Kong Public Libraries.

[5] 1985–86 Annual Report. Goode Durrant PLC. 10 July 1987 – via Companies House.

[history-6] "History". Nortgate plc. Archived from the original on 1 September 2006. Retrieved 6 October 2017.

[7] "Goode Durrant buys rental group". fleetnews.co.uk. 12 September 1997. Retrieved 6 October 2017.

[8] Brodie, Sophie (12 January 2005). "White van man gives Northgate 23pc rev-up". telegraph.co.uk. Retrieved 27 January 2023.

[9] Kennedy, Simon (31 January 2006). "Northgate to buy Arriva Vehicle Rental for GBP129.3M". MarketWatch.

[10] "Northgate CEO Bob Contreras to step down". Reuters (Press release). 6 December 2016. Archived from the original on 19 September 2018. Retrieved 27 January 2023.

[11] Waller, Martin (20 September 2017). "Spain eases the pain of British slowdown". The Times. UK. Retrieved 27 January 2023.

[12] "Home - Redde Northgate plc". reddenorthgate.co.uk. Retrieved 26 March 2021.

[13] Shabong, Yadarisa (29 November 2019). "Van hire firm Northgate to buy accident claims handler and ditch CEO". Reuters. Retrieved 26 March 2021.

[14] "Redde Northgate Plc - Change of Name – Company Announcement - FT.com". markets.ft.com. Retrieved 24 May 2024.

[15] Bird, Alice (15 May 2024). "Redde Northgate to sign off name change after "positive" year".

[16] "Our Businesses - Redde Northgate plc". reddenorthgate.co.uk. Retrieved 26 March 2021.

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