In 1994 Richard Teatum sold his first business for £10m and bought a bankrupt used-car dealership in Scunthorpe. Today Stoneacre boasts 11 new-car franchises, including Fiat, Citroën and Suzuki, and operates from 25 locations in the north of England. Sales increased 32% to £218.5m in 2010 following the addition of three sites: a Ford retailer in York, a Vauxhall and Fiat outlet in Grantham and a Peugeot dealership in Wigan.
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