SYNETIQ joins ELITE

  

14th August 2019

SYNETIQ joins London Stock Exchange Group’s ELITE

  • ELITE is LSEG’s international business support and capital raising ecosystem for ambitious and high growth companies
  • Over 150 UK companies make up the 1000 strong international ELITE community of companies, in addition to advisers and investors
  • SYNETIQ is the largest UK owned salvage and vehicle recycling company creating solutions for some of the countries’ leading Insurers, company fleets and police forces. 

SYNETIQ Ltd today joins London Stock Exchange Group’s international business support and capital raising ecosystem, ELITE.

Tom Rumboll, Executive Chairman of SYNETIQ:

“We have a vision to create a vehicle recycling industry that we can all be proud of. We feel excited and privileged to be working with Elite to work towards the next phase in our business growth.”

Umerah Akram, Head of ELITE UK, London Stock Exchange:

“I’m excited to present the latest UK company to join ELITE, a clear demonstration of the country’s ability to grow great businesses. These companies drive innovation, employment, and create opportunities for us all.

“ELITE is committed to giving the British business stars of the future the very best chance to succeed, providing them with access to appropriate expertise and capital. It is a unique, strong community of the best and most dynamic entrepreneurs, advisers, investors and business school academics from the UK, Europe and around the world.”  

NOTES TO EDITOR

About ELITE

ELITE is a full-service programme designed to help ambitious companies prepare and structure for the next stage of growth through the access to long term financing opportunities. It is a unique offering for scale-ups across Europe and beyond, providing a comprehensive training programme and extensive access to the business and financial community.  The ELITE Funding platform, launched in 2017, will also help streamline the capital raising process for ELITE companies.

For further information ELITE, the companies and the full list of partners, please go to: www.elite-network.com       

About SYNETIQ      

SYNETIQ Ltd was created and launched on the 1st March 2019.

As the largest UK owned salvage and vehicle recycling company SYNETIQ create intelligent solutions for some of the countries’ leading Insurers, company fleets and police forces.  SYNETIQ are trusted to process vehicles through auctions, green parts sales, and recycling processes.

The company was formed following the successful merger of Car Transplants, Motorhog, FAB Recycling and DH Systems. Headquartered in Doncaster SYNETIQ now has 507 employees spread across sites nationwide.

BARC NW Rescue team practice emergency training with SYNETIQ

  

SYNETIQ was proud to host a training day for the British Automobile Racing Club North West Rescue team on Sunday.

BARC NW Rescue is a technical rescue unit which supports major racing events, including Formula 1, British Touring Car Championship and a wealth of BARC events throughout the season. SYNETIQ donated vehicles and organised a staged collision, on site at SYNETIQ Winsford.

The day was an opportunity for the team to practice rapid extraction methods. To make the training seem even more realistic, each exercise was done against the clock…

It’s vital that BARC NW Rescue has regular practice, to perfect methods and tool skills, and ensure the team are fully prepared in the event of a real emergency. Sunday was also an opportunity to get to grips with a new incline cutter tool, which will improve capabilities even further.

SYNETIQ’s relationship with BARC NW Rescue can be traced back to Car Transplants Ltd, which previously hosted training days before becoming part of SYNETIQ in March 2019. SYNETIQ was delighted to continue this relationship and is looking forward to welcoming the team back soon.

SYNETIQ appoints James Brown as Head of Transport.

  

SYNETIQ’s senior management expansion continued last week with James Brown appointed as Head of Transport.

Based at the Doncaster operation, James’ role as Head of Transport will cover both collection and delivery activity where he will support the growth of SYNETIQ’s Green Parts offer.

James has excellent and relevant experience in the field of transport and logistics having held senior roles with Amazon, DFS, Andrew Page and the United Nations, and will be a great addition to the SYNETIQ team. 

SYNETIQ partner with SOTpay

  

SYNETIQ customers now benefit from an even more secure payment process, using the multi-award winning, cloud-based SOTpay technology – making payments easier and more secure and fully PCI DSS compliant.

SYNETIQ customers will benefit from an extra layer of protection; the use of SOTpay means sensitive card data never handled by our employees, protecting our customer’s data and retailer reputation. The new system also means secure payments can be made through any channel, including SMS, email, social media and web link. There’s no longer any need for customers to give out card details over the phone.

The security and traceability of payments has always been high on SYNETIQs agenda. The business made headlines earlier this year when it announced a no cash payments for salvage; a policy that was lauded by Police forces across the UK. Embracing SOTpay is SYNETIQs next step to protect clients and customers against fraud.

SYNETIQ’s Police auction: register for free today

  

Trade sales can be a fantastic route to a great value vehicle… SYNETIQ’s Police Auction is exactly that. Log on to the site and you’ll find hundreds of vehicles live on the site, with the virtual hammer prices at a fraction of what you’d expect to pay.

How does it work?

SYNETIQ is the UKs largest salvage and dismantling company. It has contracts with many insurance and fleet companies, as well as many UK Police Forces – this is where Police auction items come from.            

The Police auction was relaunched last week on a new dedicated platform in tandem with SYNETIQs main salvage auction, which has thousands of vehicles listed six days a week.

How much does it cost to register?

Unlike SYNETIQs main auction, registration for the Police auction is free. Once you’ve registered, you’ll need to upload proof of identification before you can bid. This ID must be approved by a member of SYNETIQs team, so leave plenty of time for this if you’re keen to bid on a vehicle.

For more information, or to register on the Police auction click here: https://www.police-auction.org.uk/

SYNETIQ provides vehicles, maintenance and fuel for First Responders

  

First Responders at North West Ambulance Service are being kept on the road thanks to donations from vehicle salvage and dismantling business SYNETIQ.

The First Responders team is Gavin Palin and Max Kelly, who work on behalf of the NHS and North West Ambulance Trust. Both are volunteers who give up their spare time to help those in need of urgent assistance, relying on donations in order to operate.

The team are first on the scene for a wide range of emergencies, providing swift medical attention until a full-size ambulance arrives. The gap they fill is vital – in some cases it can be the difference between life and death.

SYNETIQs Nantwich and Winsford teams have had a relationship with First Responders for over 7 years. In addition to providing two vehicles for the team, SYNETIQ keeps the First Responders on the road by providing free fuel, servicing and maintenance.

The relationship between SYNETIQ and North West Ambulance Service can be traced back to Car Transplants Ltd – one of the businesses which merged to form SYNETIQ earlier this year. The business was delighted to continue supporting the First Responders and remains on hand to provide fuel and maintenance for their vehicles.

John Schofield, Executive Director at SYNETIQ: “We recognise how important Gavin and Max’s roles are within our community. We’re pleased to continue supporting them in any way we can.”

You can hear more about Gavin and Max’s work in this video:

SYNETIQ recognised by Elite Future Shapers programme.

  

SYNETIQ Ltd has been named as one of the most ambitious, innovative and disruptive companies as part of ELITE’s Future Shapers Report.

The Future Shapers campaign recognises the most consistently impressive, diverse and growing businesses. SYNETIQ is one of just 25 UK companies recognised and is delighted to have been chosen for its innovation and leadership within its industry.

Since SYNETIQ was born in March 2019, following the merger of Motorhog, Car Transplants, DH Systems and FAB Recycling, the business has been hard at work developing its offering to customers and clients. Recent developments include a brand-new vehicle auction platform, utilised by many other salvage agents across the UK. SYNETIQ broadened its client offering even further in October, with the acquisition of fleet management and parts specialist Motorman Ltd. New senior-level roles have also been created recently, including a new Finance Director and Head of Safety, Health & Environment.

Tom Rumboll, Chairman, SYNETIQ:

“We’re honoured to be included in ELITE’s Future Shapers Programme. Our innovation throughout 2019 is just the beginning and I’d like to thank our colleagues for their part in making it possible.”

Luca Peyrano, CEO, ELITE:

“We are delighted to launch our ELITE Future Shapers Report. We have featured 50 organisations from our 1,300+ ELITE global community. We have shone a spotlight on stories of disruption, expansion and growth.

Through the success stories that fill the pages of our report we can be inspired by ELITE businesses and understand how best to address their challenges in building resilient businesses for the long term.”

You can read the full article on pages 50 and 51 of The Future Shapers Report.

Click here to download the report.

To learn more about ELITE, visit www.elite-network.com

We are SYNETIQ: An introduction to the UK’s largest salvage and dismantling company

  

SYNETIQ has premiered its new company video, filmed over a few weeks at many of SYNETIQs sites across the UK. The opening scene features Dave Harcourt, John Schofield and Richard Martin; key players in the 2019 merger which formed SYNETIQ.

The video showcases many of the services offered by the company – from the salvage auction to green parts and inhouse IT services.

Production was managed in house, with SYNETIQ’s Content Manager Jack Constantine working closely with VR Med Ltd from concept to completion.

Watch the video now: https://www.youtube.com/watch?v=7wrkZzuN7hI

SYNETIQ launch brand-new auction platform

  

Monday 18th November will see the launch of a brand-new auction platform – built by SYNETIQ and utilised by many of the UK’s leading salvage agents.

SYNETIQ’s new auction succeeds the current SalvageMarket version, which has been in use for the last nine years. Although user subscription fees remain unchanged, the look, feel and capabilities will be completely transformed.

What’s new?

Users can now see more information than ever when viewing items, thanks to the Specification Data feature. From engine power to optional extras, this information can be vital for users when making an informed decision while bidding.

Proof of identification can now be uploaded via an online portal, replacing the outdated manual process currently in place. This new process is also more secure, helping agents to remain GDPR compliant.

Another new feature is Bundle vehicles; these items are split into segments. Users can simply bid on the vehicle sections they require, such as engine & gearbox or seats & door cards.

Why change platforms?

The current site runs on older technology which is no longer supported.  SYNETIQs development team have written a brand-new auction from the ground up using the very latest in cloud technology. The new site is designed to scale up with demand, breaking away from the limitations of the current site.

The auction has been designed and built in-house by SYNETIQs sixteen-strong team of developers, based in Edinburgh. The team will be managing the switchover, following over 12 months of development and testing. Some disruption may be noticed by users and sellers during the switchover; this will be managed by SYNETIQ and kept to a minimum.

SYNETIQ has worked closely with many agents ahead of the switchover, providing extensive training and Q&A sessions; initial feedback has been positive. The launch date is just the beginning – developments and improvements will continue throughout 2020.

SYNETIQ appoints Mark Harrison as Head of SHE

  

SYNETIQ has continued its senior management expansion this week, appointing Mark Harrison as Head of Safety, Health & Environment.

Mark has held Compliance and Health & Safety roles in the Steel and Food Manufacturing industry for the last 15 years, having also previously served as an Aircraft Technician in the RAF.

Mark will manage all aspects of compliance, ensuring SYNETIQ continues to meet internal policies and procedures, while retaining external accreditations such as ISO 9001, 14001 and 27001. Mark will lead the S.H.E team, also supporting SYNETIQs wider workforce of 500 colleagues.

SYNETIQ is already leading vehicle recycling industry through compliant ways of working. Processes are already in place to protect personal data; salvage vehicles go through a GDPR process, during which sat nav data is wiped and any personal items are collected and returned to the policy holder.

Richard Martin, Director of SYNETIQ, said: “Our business has seen significant growth in the last few months, with compliance and safety more important than ever. As we grow, its vital we continue to protect the safety and reputation of our clients, colleagues and customers – whilst doing everything we can to protect the environment. This is certainly an exciting time to join SYNETIQ; I’m very pleased to have Mark on board.”

SYNETIQ acquire Motorman

  

SYNETIQ ACQUIRE MOTORMAN

SYNETIQ the UKs largest salvage and vehicle recycling company have acquired St Albans-based Motorman Ltd.

Motorman is the UKs leading independent remanufactured parts supplier and repair partner to the fleet industry. Established over 50 years ago by Tony Zalkin, the business has built a reputation for its expertise and service, especially with engines, transmissions and drive train products.

Motorman is an attractive strategic fit with SYNETIQ due to its 50-year trading history, long-standing, blue chip client relationships in a key market for SYNETIQ.  The timing was right as both Tony and his wife Marion were looking to take full retirement and sell the business. and the acquisition helps build SYNETIQs offering to the UK’s fleet market.

All the loyal Motorman team have been retained and will continue to be led by Brian Cafferty, Sales Director. The business will be integrated into the SYNETIQ business quickly, and our priorities are to ensure a smooth transition for clients, suppliers, and colleagues. 

Tony Zalkin of Motorman said “I am proud of the business that Marion, myself and our dedicated team have built over the years, but the timing is right to enjoy our retirement. I know that our legacy is in good hands with both Brian and the SYNETIQ business; I also know they will ensure that the reputation we have built for quality and customer services will carry on after the handover. They will also make sure our long serving; loyal team are very well looked after.”

Tom Rumboll, Executive Chairman at SYNETIQ said SYNETIQ was created to build the UK’s best and most innovative provider of solutions to the parts, salvage and fleet market. The acquisition of Motorman is another step in enhancing our market-leading proposition and will allow us to unlock real synergies for the benefit of our clients, customers and colleagues. Once we met Tony, Marion and the team, this was the obvious choice for the first of several strategic acquisitions for SYNETIQ, as we focus on implementing our strategy for growth. We wish both of them all the best in their retirement and look forward to welcoming Brian and the team into the SYNETIQ family”.

ENDS