H&H Celebrates it's First Full Year of trading as an Employee Ownership Trust (EOT)

Selling Over £20M Worth Of Classic & Collector Cars and Motorcycles

14/01/2023     General News

The founder of H&H Classics Ltd, Simon Hope, secured the company’s future by having it restructured as an Employee Ownership Trust in late 2021. Already responsible for the day-to-day running of the business, Managing Director Colette McKay swiftly enlightened her team as to the rewards and responsibilities of their newfound situation. Conscious of the difference that every deal or turned off light switch could make, the galvanised workforce made 2022 the second highest grossing year in H&H Classics Ltd’s history by selling over £20m worth of cars and motorcycles.

Sold to an American Client for £202,500 in March 2022 - The price achieved for the mortal remains of a 1963 AC Ace 2.6 set tongues wagging worldwide.

The record breaking 1966 Vespa SS90 Gori Racing Scooter sold for £18,400 in July 2022

Numerous world record auction prices were set as the company expanded into new areas of the market with a bespoke scooter section at its National Motorcycle Museum sales and a ‘Fast Road’ element introduced on the motorcar side to better cater for more modern performance machinery. 100% sale rates were achieved for several single-owner collections, most notably the late Robert Riding’s collection which was dispersed to benefit the RNLI, and H&H enjoyed its best-ever auction at the Pavilion Gardens, Buxton during July. The car and bike departments increased turnover by 30% and 50% respectively in comparison to 2021.

 

Two of the cars from the late Robert Riding's Collection, which acheived a 100% sale rate in October 2022

1973 MV Agusta 750 S sold for a record breaking £98,300 in December 2022