News 11 www.aftermarketonline.net JUNE 2024 In association with SMMT group has won a golden endorsement as one of Britain’s top workplaces. The group, including SMMT, Industry Forum and The Motor Ombudsman organi-sation has secured gold accreditation from Investors in People (IIP). The gold accolade, which is achieved by just 17% of organisations seeking IIP accreditation, was announced on April 12 and was awarded in recognition of advanced levels of organisational leadership, with an emphasis on transparency, recognition, wellbeing and empowerment to encourage innovation and collaborative working. SMMT said the award was in recognition of its progressive peoplefocused policies including investment in career development. In addition, as part of SMMT’s remit to represent the UK automotive sector, the organisation was recognised for its commitment to promoting workplace best practice across the wider industry. The accolade comes two years after SMMT established the sector’s first ever diversity charter, under the auspices of the Automotive Council, and the organisation continues to support businesses in the sector with their own development, with a DE&I Toolkit, specialist workshops and events. Katie Milbourn (pictured), director of SMMT group HR, said: “As the voice of the automotive industry in the UK, it’s our duty and mission to set the highest standards, and we strive to ensure our people, with their expertise, experience and dedication, realise their full potential and support our members.” IIP was founded by the UK government in 1991 and has since become a globally recognised certification of best practice. SMMT group secured bronze and silver awards in 2015 and 2022. SMMT strikes gold with award for investing in the workplace www.jlmlubricants.co.uk Professional Additives Employees get BullsEye in sale deal BullsEye Superfactors, a familyowned car parts and accessories retailer and motor factor in South Yorkshire, has announced the sale of the business to an employee-owned trust. The deal, financed by NatWest, is a significant milestone for the firm, which has a workforce of about 160 and an annual revenue of around £17 million. By selling the company to its employees, BullsEye said it is ensuring that its workforce becomes direct beneficiaries of the company’s continued success. Adrian Wesbroom, MD at BullsEye, said: “As a family-owned business, we are proud of the legacy that we have built over the years and we’re excited about the opportunities that lie ahead as we transition to employee ownership.” NatWest’s funding support for the deal includes £4.5m in facilities, comprising a £2.5m term loan and a £2m invoice discounting facility, enabling Bullseye Superfactors to have a smooth transition to employee ownership while continuing to serve its customers.
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