RE: Tom Hartley: PH Meets

RE: Tom Hartley: PH Meets

Author
Discussion

drpep

1,195 posts

109 months

Thursday 16th May
quotequote all
I went to look at a 997.1 GT3 they had a few years ago. Despite being comfortably the most plebian vehicle in their collection, they were warm, pleasant and attentive. The car was competitively priced too. I wish them the best of luck with their business.

GranCab

1,449 posts

87 months

Thursday 16th May
quotequote all
Yep ... he's Ronnie Wood's first cousin ... and half brother ... wink

WJNB

1,637 posts

102 months

Thursday 16th May
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Big Robbo said:
Having money doesn't mean you have class. The lake idea is one up from a "dolly bird" draped over the car. Somewhat tacky with a subtle hint of chav
But this is the era of the rich rough Chav with little taste & few manners so dealing with TH & sonny boy H makes for a compatible familiar experience.

a1butch

243 posts

135 months

Thursday 16th May
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I didn't really have an opinion of TH until I read the Parliament publication. Sounds like he is made a degree of his money exploiting the elderly and vulnerable.
And his son:
Mr Hartley posted this picture on Instagram showing him being stopped by police while driving a Bugatti along with the caption: 'Officer: Do you know why I've stopped you? Me: Because I let you.'
punch

MDMA .

4,745 posts

42 months

Thursday 16th May
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Gandahar said:
Their google rating is only 3.5 out of 5. Weird if they are successful and it appears they are.

Nice cars and have a nice living from something they obviously enjoy.
Some great 1 star reviews on there too.
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LARK F1 GTR

540 posts

87 months

Thursday 16th May
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The TH JNR website looks much nicer, there's still a lake.. but the cars are not parked in it. That's just silly and looks stupid laugh The pictures are better on there too.

Dodgey_Rog

1,944 posts

201 months

Thursday 16th May
quotequote all
Back in 2004, when I worked for a merchant bank, one of our clients asked us to finance a car TH had, so a colleague and myself paid a visit to deliver the cheque. Quite an operation from what I remember, they were conducting business this way, which was not normal as it is now, way before the internet changed car buying.

Having been in the trade in a previous life through the family business, these guys were always the 'go to' for the higher end exotic vehicles, TH had some good connections at Ferrari, Lamborghini and Porsche dealers as well as more direct. When a new model came out, TH was commanding a premium and a way shorter delivery time than if you or I walked into a dealership and placed an order, that was and is his business model, speculating.

From the limited dealings I had with them, seemed like nice people, I dealt more with one of the other sons, Acer, polite, enthusiastic and professional, couldn't ask for more I suppose.

As far as I know, the relationship with TH and TH Jnr is pretty good, TH promotes HIS own business, not his sons, which is completely separate. I've never bought a car from them but their presentation of what they have is pretty good, I couldn't give a f**k about a lake, but its different and no ones can steal their images as everyone knows its TH's car on the lake.

There are probably more interesting car dealers that PH can meet that deal in more interesting stuff, I wonder who'll be next......

sasha320

310 posts

189 months

Thursday 16th May
quotequote all
bloomen said:
I would rather work down the mines than sell cars no matter how fancy they are.
I try not to rise to the bait, but you really wouldn’t rather work down a mine.

Forgive me if I’ve interpreted ‘working down a mine’ too literally.

T-195

486 posts

2 months

Thursday 16th May
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This is going well.

GranCab

1,449 posts

87 months

Thursday 16th May
quotequote all
And in next week PH Meets ... some (super)car dealers based in West Yorkshire.

HoHoHo

13,672 posts

191 months

Thursday 16th May
quotequote all
GranCab said:
And in next week PH Meets ... some (super)car dealers based in West Yorkshire.
Or BMW World smile

2 GKC

494 posts

46 months

Thursday 16th May
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Cheib said:
That's a laughably low number!!!!!

The bitterness on here is amazing. I've never met them, unlikely to be a customer and do look at their social media and can see it can divide opinion......all I can do is admire then fact that as a family business they've been doing it for something like 40 years and remember for a lot of that time it hasn't been a one way ticket.

As to the business being worth £10 mil ? I reckon you're further away than the £250mil. The brand might not be worth that but if you looked at what that business turns over and it's client list it's worth a lot. The client list/relationships and the goodwill they have are worth a huge amount.

Can't see the exact company they trade out of but for comparison

Tom Hartley Jr turnover was £100mil in 2018 with profits of £6mil (turnover up 20% YoY)
Romans Intil tutnover of £80 profits of £2mil (tunover also up 20%)

So my guess is Tom Hartley's turnover is well above £100mil based on that...and those profit number obviously might not show the full story (salaries are obviously above that line etc).

I'd say the real profits of the business are somewhere in the £10mil to £20mil a year area. £200mil ? Not far off I'd say...although they are the business so they couldn't sell it for that as the relationships would walk with them.
I was referring to the previous comment about inventory level. You're the one who is way off though - their accounts are publicly available. Turnover £25m. I don't see the business being saleable since it's so reliant on the individuals who run it so value probably not much more than net assets.

Edited by 2 GKC on Thursday 16th May 16:59

Craigybaby69

360 posts

72 months

Thursday 16th May
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When is a puddle not a puddle ?

ReaperCushions

3,589 posts

125 months

Thursday 16th May
quotequote all
  1. TheDealMaker is cringe beyond belief on his social media.
Poundland Donald Trump.

HoHoHo

13,672 posts

191 months

Thursday 16th May
quotequote all
2 GKC said:
Cheib said:
That's a laughably low number!!!!!

The bitterness on here is amazing. I've never met them, unlikely to be a customer and do look at their social media and can see it can divide opinion......all I can do is admire then fact that as a family business they've been doing it for something like 40 years and remember for a lot of that time it hasn't been a one way ticket.

As to the business being worth £10 mil ? I reckon you're further away than the £250mil. The brand might not be worth that but if you looked at what that business turns over and it's client list it's worth a lot. The client list/relationships and the goodwill they have are worth a huge amount.

Can't see the exact company they trade out of but for comparison

Tom Hartley Jr turnover was £100mil in 2018 with profits of £6mil (turnover up 20% YoY)
Romans Intil tutnover of £80 profits of £2mil (tunover also up 20%)

So my guess is Tom Hartley's turnover is well above £100mil based on that...and those profit number obviously might not show the full story (salaries are obviously above that line etc).

I'd say the real profits of the business are somewhere in the £10mil to £20mil a year area. £200mil ? Not far off I'd say...although they are the business so they couldn't sell it for that as the relationships would walk with them.
I was referring to the previous comment about inventory level. You're the one who is way off though - their accounts are publicly available. Turnover £25m. I don't see the business being saleable since it's so reliant on the individuals who run it so value probably not much more than net assets.
They have an operating profit of £650k on a T/O of £26m

There's some good figures in the sheet however I doubt it's worth anywhere near £250m

Scottie - NW

839 posts

174 months

Thursday 16th May
quotequote all
GranCab said:
And in next week PH Meets ... some (super)car dealers based in West Yorkshire.
Perhaps also feature a Warranty company as well?

bloomen

2,358 posts

100 months

Thursday 16th May
quotequote all
sasha320 said:
I try not to rise to the bait, but you really wouldn’t rather work down a mine.

Forgive me if I’ve interpreted ‘working down a mine’ too literally.
I love mines. I'd definitely give it a go.

I used to broker cars from Europe and buy and sell the odd one. The dishonesty, mindlessness, greed and stupidity displayed by customers and people in the business alike was genuinely disgusting and seemingly infinite.

bluemason

332 posts

64 months

Thursday 16th May
quotequote all
jamgy said:
With all that money spent on the lake, they could have chucked a few quid at a decent camera and someone who knows how to use it

I can't believe a professional dealer thinks this is a suitable way to market a £150k car

The rims is just as offensive.

bluemason

332 posts

64 months

Thursday 16th May
quotequote all
Butter Face said:


hehe
Well I am sure he is a fan of meeting clients meats

Cheib

16,197 posts

116 months

Thursday 16th May
quotequote all
2 GKC said:
Cheib said:
That's a laughably low number!!!!!

The bitterness on here is amazing. I've never met them, unlikely to be a customer and do look at their social media and can see it can divide opinion......all I can do is admire then fact that as a family business they've been doing it for something like 40 years and remember for a lot of that time it hasn't been a one way ticket.

As to the business being worth £10 mil ? I reckon you're further away than the £250mil. The brand might not be worth that but if you looked at what that business turns over and it's client list it's worth a lot. The client list/relationships and the goodwill they have are worth a huge amount.

Can't see the exact company they trade out of but for comparison

Tom Hartley Jr turnover was £100mil in 2018 with profits of £6mil (turnover up 20% YoY)
Romans Intil tutnover of £80 profits of £2mil (tunover also up 20%)

So my guess is Tom Hartley's turnover is well above £100mil based on that...and those profit number obviously might not show the full story (salaries are obviously above that line etc).

I'd say the real profits of the business are somewhere in the £10mil to £20mil a year area. £200mil ? Not far off I'd say...although they are the business so they couldn't sell it for that as the relationships would walk with them.
I was referring to the previous comment about inventory level. You're the one who is way off though - their accounts are publicly available. Turnover £25m. I don't see the business being saleable since it's so reliant on the individuals who run it so value probably not much more than net assets.

Edited by 2 GKC on Thursday 16th May 16:59
Apologies didn’t realise you meant investory. Very much doubt there’s one company....loooking at the amount of cars they sell turnover would be much higher than that.