BCA paid £16m cash for Stobart

BCA Marketplace, which owns webuyanycar.com, paid £16m in cash for Eddie Stobart Logistics’ automotive logistics business – formerly Autologic – when it bought it earlier this year.

The acquisition of the company, which was rebadged BCA Automotive, also resulted in Avril Palmer-Baunack – former Stobart chairwoman and Autologic chief executive – receiving a bonus.

Details were unveiled in BCA Marketplace’s half-yearly report for the nine months to 4 October 2015. The report stated that the business’s net assets were valued at £10m, with a further goodwill payment of £6m, based on “the assembled workforce, logistics capabilities and buyer synergies”.

The amount of Palmer-Baunack’s bonus will be revealed in BCA’s annual report next year.

• This article was published in the 10 December issue of Commercial Motor. Why not subscribe?