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.