World-fa­mous Jaguar restora­tion busi­ness, par­towned by em­ploy­ees, an­nounces it needs more staff

Classic Car Weekly (UK) - - Front Page -

R es­tora­tion com­pany Clas­sic Mo­tor Cars, which re­cently an­nounced that it has of­fered part-own­er­ship to its 60 staff, has con­firmed that it’s now look­ing for more young trainee en­gi­neers.

The Shrop­shire based firm al­ready em­ploys six full-time ap­pren­tices, and it says that it is hop­ing to re­cruit a fur­ther four to bring the to­tal up to 10, to main­tain its skills base for the fu­ture.

CMC now works as an em­ployee share­holder trust, sim­i­lar to the John Lewis Part­ner­ship. Work­ers will each own 1% of shares – the rest is be­ing looked af­ter by an em­ployee own­er­ship trust chaired by founder Peter Neu­mark.

Op­er­a­tional board chair­man, David Barzi­lay, says: ‘It is vi­tal that we re­cruit more young peo­ple into the busi­ness to learn tra­di­tional skills.’

‘I didn’t want to sell the firm to in­vestors’ – Peter Neu­mark UK CLAS­SIC IN­DUS­TRY NEWS

S hares in a worl­drenowned Bri­tish clas­sic car restora­tion com­pany have been of­fered to its 60 staff – and there’s good news for young­sters want­ing to join.

Six full-time ap­pren­tices are cur­rently em­ployed, and four more a year are to be re­cruited.

Peter Neu­mark set up Clas­sic Mo­tor Cars (CMC) in 1993 with just two peo­ple. Since then hun­dreds of clas­sics have been re­stored – in­clud­ing sev­eral highly im­por­tant Jaguars.

The Bridg­north, Shrop­shire based firm had a turnover of more than £5.2 mil­lion last year.

‘I’d al­ways loved clas­sic cars and at first it was a sort of hobby busi­ness. It grew or­gan­i­cally and now there are 60 staff,’ says Peter.

‘I am now nearer 70 than 60 and Nick Goldthorp, who founded this great busi­ness with me and has been largely re­spon­si­ble for where we are to­day, is also near­ing re­tire­ment age.

‘It came to the stage where I was think­ing about the fu­ture of CMC. I was lucky to be in a po­si­tion where I could pass it on to staff.

‘There are so many greatly skilled staff, in­clud­ing young peo­ple, work­ing here. We have al­ways been proud of our ap­pren­tice­ship pro­gramme and I didn’t want to put any­one’s fu­ture in jeop­ardy by sell­ing the firm to in­vestors. It just struck me that who would be bet­ter to en­sure CMC’s fu­ture than its em­ploy­ees?’

An em­ployee share­holder trust, on the lines of the sys­tem at John Lewis, has been set up. CMC’s new struc­ture in­volves a trus­tee board, chaired by Peter, with trus­tees from di­verse back­grounds, and an op­er­a­tional board. Em­ploy­ees own 1% of shares each – the rest is be­ing looked af­ter by the trust.

CMC’s many restora­tions in­clude the Lin­der Nocker light­weight E-type Jaguar, the only XK140 to race at Le Mans as well as an E-type once owned by Lofty Eng­land. About 50 cars are in the work­shop ev­ery month. Ma­jor pub­lic­ity was re­ceived when CMC pro­duced a Jaguar Mk2 up­dated to the spec­i­fi­ca­tion of Jaguar de­sign di­rec­tor Ian Cal­lum.

Any work on clas­sic cars can be car­ried out – ev­ery­thing apart from chroming is done in-house. Nick Larkin


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