£4.5m expansion for Leeds auctioneer
24/06/1998 in NEWS
A major recruitment initiative has started to back up the expansion, with staff numbers expected to rise from 72 to just under 200. The firm's smaller present site could become a specialist auction centre in the future as business moves over to the new development. Sales are running at about 2,500 a month, with auctions five nights a week. Conversion rates are about 72%.
Managing director Keith Elliott said: 'We have become a victim of our own success and we simply cannot handle the demand from our nationwide network of customers. What we have done is an achievement that Premier Motorauctions can be proud of. Our staff have been working until 10 or 12 at night just to get through the work we have.'
Turnover is running at about £6.5 million a month and is expected to reach a yearly total of £7.5 million by the end of this year. The business has created specialist departments to encourage customers from several areas, ranging from fleet to main agents.