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.

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

SYNETIQ appoints Leigh Manton as Finance Director

  

The UK’s largest salvage and recycling company are cementing their plans for significant growth, recruiting Leigh Manton in a full-time Finance Director role.

Leigh joins from Finsbury Food plc, a £300m turnover manufacturer of bread and morning goods. He brings a wealth of experience gained at well-known organisations within the Construction, Engineering and FMCG industries.

Since creation in March 2019, following a four-way merger, SYNETIQ have been assembling the framework for expansion. Leigh is well-practiced in acquisitions and listed company disciplines; a key requirement for the position.

As Finance Director, Leigh will provide financial and strategic governance across SYNETIQ sites across the UK. Leigh will continue to ensure all sites are well informed and aligned to follow the same processes, improving compliance and efficiency.

SYNETIQ does not accept cash payments – a decision lauded by UK Police Forces. Leigh will help to ensure SYNETIQs commitment to doing the right thing is continued, developing the client offering in the process.

SYNETIQ is delighted to welcome Leigh on board.

For further information please contact:

Jack Constantine – Content Manager

Jack.constantine@synetiq.co.uk – 01302 332855 – https://www.synetiq.co.uk/

A Doncaster miracle: baby arrives unannounced

  

For many expectant couples, welcoming a new-born into the world can be a bit of a rollercoaster… But that’s nothing compared to an arrival you aren’t expecting at all.

That rare event became a reality for a Doncaster couple this week, when David Greenall delivered his fourth child at home after his wife Helen unexpectedly went into labour.

The couple, who live in Wheatley, decided not to have any more children seven years ago – leaving the chance of another pregnancy at less than 1%. After numerous visits with her doctor over the last few months, Helen was reporting stomach pains and other symptoms, but both the couple and GP’s believed that pregnancy was out of the question.

David, who works at SYNETIQ in Adwick-le-Street, was relaxing at home after his eldest son’s 18th birthday celebrations when he heard cries from his wife upstairs. Racing to Helen’s side, the couple were astounded when they realised their unexpected arrival was on his way.

David’s work colleagues were just as surprised… Andrew Brister, David’s manager, couldn’t quite believe it when he received a call from David requesting immediate paternity leave.

Freddie was born weighing 4lbs 2oz and is doing well. SYNETIQ is delighted for the Greenall family and currently supporting with David’s last-minute paternity leave.

NOTES TO EDITOR

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 517 employees spread across sites nationwide.

For further information please contact:

Martine Johnson, Marketing Executive

martine.johnson@synetiq.co.uk

Or go to:
https://www.synetiq.co.uk/

https://www.synetiq.co.uk/

Meet Dave Harcourt – SYNETIQ IT Director and all-round Action Man.

  

When not in the office, you’ll usually find Dave competing in all manner of arduous adventures… His most recent was the most challenging yet.

“ITERA Adventure Racing – it’s a lot harder than you’d imagine!

A week ago, I and three teammates set off on our first ever ITERA Expedition Race. This happens to be part of the World Series and hence the toughest of all the adventure races.

Such novices were we that we didn’t even know that other adventure races came in shorter distances… But no matter, as this year ITERA was in Scotland.

The event was a 5-day race around Scotland – with the route and activities kept secret until the briefing. We had made rough plans to stop for 4 hours each night and cook up a warm meal too. How innocent we were… Nobody stops that long for such things.

At 8.30am on Monday 12th August, we set off from Dunrobin Castle – magnificent – with a wee 5km run to separate the teams. We then kayaked 20km to Glenmorangie distillery down the coast. Our complete lack of paddling practice showed us up – we finished plumb last.

Now 5 hours, it was time to transition. We managed to pack away our kayaking gear and build our bikes in around an hour so made time on the closest team.

We now had a choice: take the full route of full-on mountain biking and aim for the 3 check points or take the much easier shorter route and take the time penalties. We were under no illusion of how hard this was going to be, so straight to the short course we went.

After 75km of fairly easy terrain, with just the odd nigh-on vertical hike-a-bike and crack navigation by John, we arrived at the next transition at Elphin. We were about 11 hours in now and had overtaken a couple of teams!

Our next transition was fairly slow – taking about 2 hours to complete – so it was dark when we began our paddle down Loch Veyatie, guided by moonlight. This was spectacular, with calm water and an unbelievable display of shooting stars.

At the end of the loch we found some rapids as Loch Veyatie runs into Fionn Loch. The teams on the full route had the small matter of summitting Suilven, a spectacular standalone mountain not for the faint hearted, especially in the dark! It was amazing watching their head torches up and down the mountain.

By now we had sussed the kayaking and were at least going in straight lines, if not that fast. Just as we entered Fionn Loch the fun began with the portaging. This means transporting your kayak overland (see Megan’s photo with the red arrows for the route we took – bear in mind this was in the small hours of the morning).

We successfully navigated our way over land and small lochans to Loch Sionacaig and then over to Loch Buine Moire before hitting the road and eventually getting to finally use our portage trolleys. Turned out we were actually quite good at this… We passed the next checkpoint in 8th place and went back into the sea at Loch An
Eisg-brachaidh.

It was now 5am and we had been going non-stop for over 20 hours. We kayaked down to Garvie Bay where, after one long portage through the bog, we hit the road to Achiltibuie and got to use the trolleys again. Back into the kayaks for a paddle down and through the Summer Isles to the Scoraig peninsula.

This is where we started to hit trouble – our kayak just wanted to list and capsize all the time. It should be pointed out it was blowing a nice Force 5 with decent sized waves. Eventually we worked out it was taking on serious amounts of water and so we abandoned ship and a very nice captain from Shearwater Cruises took myself and John to Ullapool. Helen and Megan valiantly rescued our kayak and paddled the whole lot to Ardmair.

We had now assumed our race was over and again showed our naiveness off here by sitting, chatting and eating in the campsite cafe. Several other teams also beached here because no progress could be made to windward now that the wind was really blowing, however these teams all broke out their emergency shelter and got some much-needed sleep!

At around 8pm the organisers sent a big coach to pick up all the stranded teams and take us to the next transition at Dundonnell. Those teams that had made good use of their time went straight on with the next stage whereas, we put our tent up and eventually got to bed at 10:45pm, some 38 hours after starting!

The next stage was a monster, even for the short course teams – I have no idea how the full course teams managed their stage with much more summits! We continued up An Teallach, then around the ridge and down Sail Liath to Fisherfield. We rose at 1:45am – so just the 3 hours kip. The plan was to be near the summit for dawn and hence have daylight for the highly technical trek around the ridge. There is a spectacular photo of Megan with the sun rising behind her on An Teallach.

We were slow on An Teallach and its descent but we made good progress across Fisherfield, right up to the point when we got complacent and missed a turn – our first navigational error that cost us a couple of hours and few extra kilometres… In fact, this ended up costing us dearly as there was still another 12km to go, including 6km down the technically difficult Gleann Bianasdail. It was treacherous, especially in our condition and after it had been pelting it down for hours!

The hallucinations that sleep deprivation provides are simply astonishing – forget drugs people, just stay up for a few days with no sleep. We also missed the cut-off of 10pm at the next check point, arriving at midnight after 63 hours on the go with just 3 hours kip.

On the plus side, the weather was so poor that we could bed down inside the transition hall – this is normally not allowed! We got a luxurious 4 hours kip and were packed up and out before 6am.

Although we were timed out, the organisers gave us the option of a bus ride to the next transition – we wouldn’t be able to get an official time could experience the rest of the course back across Scotland. The route was supposed to have been a mountain bike round the Applecross peninsula including the Bealach na Bà, the highest road in the UK and which starts at sea level! Then a trek over the Five Sisters of Kintail, followed by a paddle down the River Garry and along Loch Garry with a final mountain bike to Inverness. We were a broken team and we had none of our dry clothing, so as Captain I took the decision to retire us and we took train back to Inverness.

It was the right call and spirits were high on the train. We got some proper kip during the day on Thursday and went down to see the first team cross the line around 3am Friday.

I cannot describe to you how tough it was for us – let alone for the teams that actually finished. They pretty much do it with just 6 hours sleep in a full 5 days of non-stop running, trekking, cycling and kayaking… It simply beggars belief! A full doffing of the cap to everyone involved, as the organisers and marshals also get no sleep”.

Would he do it again? “I can say I am bitten and will return this time hoping to just finish the short course! A huge thanks to my wonderful teammates: Helen Farquhar, Megan Davey and John Bennie.”

SYNETIQ have launched a new partnership with The Sick Children’s Trust

  

SYNETIQ have launched a new partnership with The Sick Children’s Trust – a charity that provides free accommodation for families with children in hospital.

Why choose The Sick Children’s Trust? 

SYNETIQ colleagues – over 500 strong and located across the country – had the opportunity to vote for SYNETIQ’s annual charity partner. A large majority selected The Sick Children’s Trust; a mark of how passionate colleagues are about the cause. 

Thanks to The Sick Children’s Trust, families with a seriously ill child in hospital can stay together. They believe that keeping parents close to their child’s bed during their treatment can significantly improve their recovery. As well as accommodation, the charity also provides emotional and practical support. 

The partnership is already helping to build new relationships within SYNETIQ, following the merger in March of this year. With fantastic fundraising ideas being shared between sites across the country, colleagues can work together while making a real difference. 

Pound for pound matching 

The announcement follows a real focus on how SYNETIQ can support the charities and causes in the communities that their colleagues live and work in.  In July a new initiative was launched which means SYNETIQ will match colleague fundraising pound-for-pound. 

SYNETIQ’s team have already taken advantage of the scheme; a skydive and a midnight walk have already raised over £1500 collectively. Next month’s head shave in aid of MacMillan means that figure looks likely to increase significantly. 

AutoRaise Real Rally 

SYNETIQ were also proud to support AutoRaise’s Real Rally event back in June – entering three sub-£1000 vehicles into the charity challenge.

AutoRaise is attracting and training the next generation of body technicians, helping to reduce the skills shortage within the vehicle repair industry. They have established their own Apprenticeship Standard, signed off by the Government in 2015, and are now encouraging young people aged 13-24 into the industry. SYNETIQ have shown their ongoing commitment to the charity by signing up to be a bronze partner.

In June, SYNETIQ also established a dedicated charity and sponsorship committee. The team now meets monthly to plan charity events and discuss the causes that are important to SYNETIQ colleagues.

SYNETIQ now has 5 AQPs

  

When the new ABI salvage code of practice was introduced it was decided that any person wanting to apply the correct category to a salvage vehicle would have to become an appropriately qualified person (AQP).

SYNETIQ have invested in the future and their people by putting 5 of the team through the Institute of Automotive Engineer Assessors exam for categorising salvage.

Richard Martin, Simon Schofield, Steve Dodson, Colin Casselden and Willem Davies completed the training and examination at the SYNETIQ training facilities in Winsford – All 5 participants passed the exam and are now all AQPs.

Pictured here are Colin, Simon and Willem.