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16th July 1987, Page 15
16th July 1987
Page 15
Page 15, 16th July 1987 — BUSINESSNEWS•
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• Pitt & Scott, the NFC removals subsidiary which specialises in the transportation of fine arts and antiques, is repainting its vehicles in a new livery following the recent acquisition of London-based removals and storage firm, Cole Brothers.

• Barclays Bank subsidiary, Mercantile Credit is launching a scheme to help individual vehicle dealers to offer contract hire packages. Dealers will be able to offer a contract hire package developed by Mercantile Credit's Network Vehicles subsidiary and Network Vehicles will provide the dealers with centralised computer back-up including cost controls and details of service records.

• Woodchester Investments, the Dublinbased vehicle leasing company owned by British and Commonwealth Holdings has made an entry into the UK market with the purchase — for 210.75 million — of a 28.4% stake in Manchester-based vehicle distributor Lookers.

Woodchester will now have access to Lookers' 2165 million annual sales, providing it with the opportunity to offer financing packages for Lookers' customers. Craig McKinney, chairman and managing director of Woodchester is joining the board of Lookers as deputy chairman.


People: Craig McKinney
Locations: Manchester, London

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