NHM will be initially jointly owned (50/50) by GM Daewoo UK Ltd and Frank Andrew, formerly an investor in Hanover Automotive. Mr Andrew is Managing Director of NHM. NHM operates under a Motors Holding structure, which Vauxhall has employed in the UK since the late 1980s, which allows shares to be redeemed from future profits of joint holdings in dealerships.
GM Daewoo is currently considering what other representation may be appropriate alongside its own franchise at the NHM sites. It has been confirmed that most staff are to remain in place.