Rivervale Cars Limited is pleased to announce the completion of a management buyout and the appointment of a new Board of Directors

Since the group Chairman, Tommy Sopwith passed away in May 2019, the business has been operating under the stewardship of the Trustees of Endeavour Holdings Limited, who once owned and controlled the Endeavour Motor Company which is where it all began. The board of Trustees felt that the ownership and direction of the motor business sat better with the core Management team within the Rivervale business.

Rivervale have seen the business grow substantially and adding Fleet and Fleet Management, Minibus Leasing and taking on a Maxus van franchise have all contributed to that growth. 

In addition, car and van leasing through their leasing division has never been so popular and the increased demand on used cars via their used car operation has also been impressive. They have also had to expand their Aftersales operation to cope with the increased requirement.

Neil Chapman former CEO of Rivervale Cars moves to Chairman, Vince Pemberton former COO moves to CEO. The board also welcomes Simon Fuller former Leasing Director who will now be Commercial Director and Duncan Stocks, former Leasing Sales Director, will become Group Sales Director.

Speaking on behalf of the Management Team, Neil Chapman says: “This is a once in a lifetime opportunity for us to take Rivervale forward to the next level and beyond. 

“We have seen strong consistent growth and navigated the challenges thrown at everyone over the last 3 years and we are well placed to now look at opportunities to further our growth. We are excited to see what prospects develop.”

Vince Pemberton added: “This has been on the agenda for some time, and I would like to thank Endeavour Holdings and, in particular, Mrs Gina Sopwith for helping to make this happen. 

“We all know that the hard work starts here but we are incredibly proud of the team we have managed to assemble, and I know they are all committed to the cause.

“Our industry has changed enormously over recent years and we have all had to move with it, but I am extremely excited about the plans that we can now push on with to make Rivervale an even stronger well recognised brand in the sectors that we operate”