Newspaper article The Journal (Newcastle, England)

Benfield on Target for a Record Year Once Again

Newspaper article The Journal (Newcastle, England)

Benfield on Target for a Record Year Once Again

Article excerpt

Another year of substantial growth has put the Benfield Motor Group on course for turnover in excess of pounds 300m in 2004.

Latest figures show a further growth of 15pc during 2003, to pounds 279m, which is the third consecutive record year.

To maintain the momentum, the group is investing pounds 10.5m this year, in its infrastructure and its people, who now total 1,132 employees.

Chief executive Mark Squires says there has never been a stronger emphasis on staff development, which is now top of the agenda for Benfield, the UK's largest dealer group for Investors in People.

The company's "Grow our Own" strategy is epitomised by employees such as Chris Denning, a former sales trainee who is about to take the helm as general manager of the group's new flagship development at Gateshead.

Mr Squires says its employees are its greatest resource, and the company is determined to create an environment in which those with the ambition to do so can progress to the highest positions, with a clear career structure.

Next month sees the grand opening of Benfield's most ambitious retail operation to date, in the form of a new Renault and Nissan dealership on a three-acre supersite next to Gateshead's busy Felling by-pass.

Representing a pounds 3m investment, and creating 60 new jobs, it becomes the largest operation in the Benfield Motor Group.

It is preceded by this month's opening of the Benfield Van Centre at the company's former Volkswagen Fossway site in the east of Newcastle.

This is a pounds 1m investment, creating a further dozen jobs, and is the largest Volkswagen Commercial Vehicle Centre in the UK.

Another major development, representing capital investment of more than pounds 10m is the company's commitment to its Benfield Contract Motoring growth programme.

This will see the current fleet of 400 vehicles more than double to 1,000, providing a total personal service to North-East business. …

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