RL
Automotive is an established distributor of tyre service products in the UK
marketplace and sells its tyre wear and pressure measurement products into the
world market. The Company carries a range of more than 2000 products which are
distributed to a large number of customers across the UK and overseas.
Most products are distributed from a centralised warehouse via overnight
courier. Customers receive
catalogues, promotional flyers and sales visits. The Company’s measurement
products help to maximise tyre performance, thereby extending tyre life and
saving costs. Products include the
Tyre Scanner, which is used by Formula 1 teams to assess tyre wear for race
performance.
Board of
Directors
Non-executive Director
and Chairman of the Board: Sir Robert Malpas
Sir Robert Malpas CBE began his career at
ICI, where he spent 30 years, becoming a Director in 1975. His other
directorships have included: managing director of BP PIC (1983-1989); chairman
of Powergen (1989-1990); and chairman of the Cookson Group PIC (1991-1998). Sir
Robert has a first class degree in mechanical engineering from Durham University
as well as six honorary degrees. Sir Robert has been awarded the Spanish Order
of Civil Merit and a CBE for services to export. Sir Robert was knighted in 1998
for his services to industry and to science and technology.
CEO: Mark Longden
Mark
Longden co-founded the Company in 1998 after a career in London with HSBC and
Lehman Brothers. At Lehman Brothers
Mark was responsible for European Equity Product Marketing.
Mark has been a Non-Executive Director of Circuit World Corporation and
Simmonds Capital Limited, both of which were quoted on the Toronto Stock
Exchange. Mark also has a physics
BSc.
Executive Director and Company Secretary: Nick Radclyffe
Nick
Radclyffe co-founded the Company in 1998 after working in London for Lehman
Brothers and Nikko Securities.
Prior to this Nick worked in industry as a district manager for Bradford &
Bingley and as an area manager for John Smith’s brewery.
Non-Executive Director: Roger Brooke
Roger
Brooke was founder and chief executive of Candover Investments.
He was also director of Innisfree (market leaders in PFI) and is a
director of IP Group (specialists in organising and financing University
spin-outs).
Non-Executive Director: Dr. Jonathan Ingram
Park
34, Didcot Oxon OX11 7WB
Contact: Nick Radclyffe
Financial Adviser
KBC
Peel Hunt Limited, 111 Old Broad Street, London EC2N 1PH
Solicitors
Hammonds, 7 Devonshire Square, Cutlers Gardens, London EC2M 4YH
Accountants
Royce
Peeling Green Limited, The Copper Room, Manchester M3 7BG
Corporate
Governance
As a
private, unlisted company, the Company is not required to follow any of the
corporate governance codes prescribed or recommended for London Stock Exchange
listed or AIM companies.
Nevertheless, the Board
recognises the importance of good corporate governance and supports the
principles underlying the Combined Code on Corporate Governance as appropriate
for a company of the size and maturity of the Company.
The Board includes
three Non-executive Directors of whom Sir Robert Malpas is designated as the
senior Non-executive Director and Chairman of the Company.
The Board has established Executive, Audit, and Remuneration Committees.
The Executive Committee
is responsible for overseeing the Group’s operations. This committee consists of
Sir Robert Malpas, Roger Brooke, Dr Jonathan Ingram, Mark Longden and Nick
Radclyffe.
The Audit Committee is
responsible for monitoring the quality of internal control and ensuring that the
financial performance of the Group is properly measured and reported on and for
reviewing reports from the Group’s auditors relating to the Group’s accounting
and internal controls. The Audit Committee consists of Dr Jonathan Ingram as
Chairman, Sir Robert Malpas, Roger Brooke.
The Remuneration Committee
is responsible for determining the terms and conditions of service, including
the remuneration and grant of options to executive Directors under the Share
Plan. The Remuneration Committee consists of Roger Brooke as Chairman, Sir
Robert Malpas and Dr Jonathan Ingram.