Milcars, which was No 66 in the June 2003 AM100 with a turnover of £101m, continues to operate a Mazda showroom and standalone aftersales facility in St Albans, Hertfordshire. Its four London BMW/Mini showrooms – Ruislip, Borehamwood, Temple Fortune in north-west London and Stanmore, are now trading under Jardine's Scotthall BMW brand, adding to its sites in Cambridge, Eastleigh and Leeds.
The acquisition – conducted without publicity in September – is expected to take Jardine, which sold its 51% stake in Polar Motor Group to Ford last month, to around £900m turnover, down from £1.045bn in the November AM100 listing. The group's focus has now shifted away from volume sales franchises towards the premium end of the market.
BMW's London region has seen a major shake-up over the last 12 months with several sites changing hands.
Inchcape has been the main beneficiary with the acquisition in August last year of six BMW dealerships. Four sites – Banstead, Croydon, Sevenoaks and Tunbridge Wells – were netted after the group completed the £12m acquisition of L&C Holdings, the £106.3m turnover Kent-based BMW retailer. Two more dealerships, in Cobham and Wimbledon, were bought from William Jacks for £7.7m. Inchcape sold two sites – Harold Wood and Chigwell – to Sytner.
Find out where Jardine sits in the AM100 when the new listing is unveiled at the annual dinner at the Birmingham Metropole on June 9.