Managing director Andrew Hulme said further expansion was a prerequisite as the company continued to secure additional volume business from UK fleet operators.
He said: 'There will be a continuation of the programme of investment that has seen the completion of BCA Glasgow, the addition of a further 10 acres at Nottingham, expansion at Measham Commercials and the Bedford announcement in the last 12 months.
'BCA currently has the capacity to handle volumes of vehicles from the largest fleets – not just in the UK, but in Europe – and we see demand for these high volume services increasing in the years ahead.'
The company won this year's Best Disposal/Remarketing Company category at the Fleet News Awards.
Hulme added: 'As the nature of our business evolves, we are now more than British, more than cars and more than auctions. As Europe's largest vehicle remarketing group, we offer a wide range of services including vehicle auctions, electronic remarketing, e-commerce products, inspections, vehicle preparation, call centres, logistics support and inventory management activities.'
The company had a record 2002 and has also reported a strong first quarter in the used car market. Hulme said: 'It is no secret that supply has been an issue in the early weeks of 2003 and entries from major vendors are down. But with the combination of higher conversions and significant new business gains we have achieved outstanding sold figures for the year to date.'
Meanwhile, Manheim Auctions has opened its latest refurbishment centre in Colchester, capable of working on 600 cars a week.
The new plant, which aims to improve auction prices of vehicles, offers a range of services from removing body dents to repairing cigarette burns on upholstery.
Kerry Hall, group refurbishment and certified manager at Manheim Auctions, said: 'Refurbishment is one of the largest growth areas within the vehicle disposal industry. Vendors are able to receive maximum benefit for minimum outlay, selling more vehicles first time, whereas buyers win by purchasing quality vehicles that are immediately saleable.'
The refurbishment site coincides with Manheim's research which has found an 80% increase in the number of people wanting to refurbish their vehicles before submitting them for auction. The group has also appointed two new managers for its Vehicle Inspection Services division.
Brian Bull has moved on from centre manager to become the new general manager. He will be responsible for managing the D-fleet electronic costed vehicle appraisal system. Ken Rumney is the new support manager. Formerly of LeasePlan, he will work with Brian and will be responsible for the day-to-day development for the D-fleet system.