About Hanbury Riverside
Established in the early 1980's, Hanbury Riverside has developed into becoming one of the leading independent tractor unit sales specialists. We sell around 250 premium tractors per annum, all prepared to the very highest standards. Since we started all those years ago, the industry has changed and evolved and we are continually modifying our systems in order to cope with and manage change.
During those many years since we started we have built a reputation of which we are very proud and which we fiercely protect. Testimony to that reputation is that more than 80% of our trucks sold these days are transacted without physical inspection. That says a lot about the way we are perceived in the market.
We like to think of ourselves as open and fair. We don't just consider the deal in hand but we are thinking of the next deal we might do with you. Much of our business is repeat business and we can proudly boast that we have many relationships that have stood the test of time for more than 37 years. That must mean something.
Hanbury Riverside Timeline
|1980||Started trading as a family run business, specialising in selling premium tractor units.|
|1988||The business moved to its current location in a purpose built site.|
|1997||The business became part of Hanbury Holdings. However, the day to day management of the business remained unchanged.|
|1998||We re-branded to Hanbury Riverside and upgraded our facilities, products and services.|
|2000||The millennium year and time for celebration as we reached our 2000th truck sale!|
|2002||Our largest stock purchase yet – 65 used Volvo FH12 Globetrotters in one transaction. It also saw us buy the Arrows Formula 1 Team vehicles, all of which were left hand drive and all sold as “sight unseen” on the strength of our reputation.|
|2003||Saw us introduce Dedicated Contract vehicles which are hi-spec, plain white, running on 12 to 24 month contracts, which came off in 2004. We raised our profile within the used vehicle market and sowed the seeds for 2004 and the future, to see us expanding our portfolio to include Mercedes and DAF due to their reliability and fuel consumption.|
|2004||Hanbury Riverside’s best ever year, selling 289 Quality Vehicles!|
|2005||Our momentum was maintained with further investment in the depot and security upgrades, helping to separate us from much of our competition. Sales exceeded our previous best with more specialised vehicles sold than ever before alongside our "bread and butter" premium tractor units.|
The positive momentum continued in 2006 with sales again exceeding our previous best. We continued to be forerunners in the nearly new premium tractor unit market, carrying an extensive range of Daf, Scania, Mercedes and Volvo tractors. Sales of specialist vehicles such as low ride tractors and high cube trailers were again very strong. Our website had been modified making it more informative and user friendly. This had a very positive effect on our business.
The market was very buoyant in 2007. With a shortage of new vehicles available to the UK market, we were able to provide a realistic alternative to new vehicles with our excellent source of “nearly new”. As specialists in this area, we were able to supply in excess of 300 vehicles to our customers. The vast majority of these were in the age category of 12 to 18 months old. We continued to strengthen our infrastructure to support our growing position in the market place with some key appointments in service support and investment in our vehicle preparation facilities.
The year started well enough but by the end of the first quarter it became obvious that the market was destabilising. The emerging banking crisis was to present us with the biggest challenge in our company history. With our experience and financial resources we were able to re-plan and coped well with a difficult market. It was also the year that saw our sister company, Hanbury Davies Ltd of Felixstowe, sold to Wincanton PLC.
This was another difficult year with the market very fragile. Despite the turbulence we were able to continue to trade through and managed to sell 160 vehicles. We took the opportunity to upgrade our facilities. The workshops and vehicle preparation areas were extended and refurbished.
A year of robust recovery. The market was regaining confidence and we had to be ready with suitable stock – and we were. We sold 275 vehicles during the year.
The year started very strongly with high demand from customers looking to upgrade after a couple of years of remaining cautious. There was also great awareness of the need to move away from Euro 3 vehicles, to Euro 4 and Euro 5 vehicles to meet higher emission standards. We worked very hard throughout the year to satisfy our customers needs.
Whilst 2011 was a year of strong demand, 2012 suffered a more challenging start. Customer confidence had been on the low side and major distractions like The Queen's Jubilee, The Euros and Olympics did not help. However, we remained positive and were creative with special offers to help stimulate the market. We had an extensive range of late premium tractor units available and supplied a large number of vehicles to customers as either additional vehicles or as fleet replacements.
This was a year of two halves for Hanbury Riverside. The first half was very challenging with a lower than normal level of enquiries and transactions. However, the second half saw a reversal of fortunes with huge demand for late premium tractor units. This of course was fuelled by the transition from Euro 5 to Euro 6 emission standards. Furthermore, the beginnings of recovery in the National economy further drove demand. Overall the company produced a sucessful trading out-turn, but the effort required was immense. Maintaining high standards continues to be the Company’s priority focus.
The New Year started strongly with continuing demand for late Euro 5 tractor units. We had a very good selection of premium stock and were able to satisfy strong demand. We increasingly provided trucks with many extras - for example Alloy wheels, Kelsa light bars and special paint finishes - all completed prior to delivery. Later in the year we were pleased to launch our new and much improved website.
We continued to build on our success of previous years. Increasingly trucks were sold with many extras fitted before delivery, including painting in customers livery and Kelsa bars and Alcoa alloy wheels being fitted. We were able to offer a wide selection of late Euro 5 and also Euro 6 trucks to suit all budgets and requirements. A good number of customers were new to Hanbury Riverside alongside our regular repeat customers. We had an excellent feature in Commercial Motor magazine in November 2015 - Please see our "What The Papers Say" tab.
The year built on previous years with strong sales throughout the country. The European Referendum presented a new challenge. We hoped that "opting out" of the EU would provide a welcome boost to the UK economy and particularly the haulage industry. During the year we celebrated the purchase of our 1,000th new Volvo truck. The truck was a very high specification Volvo FH16 750, finished in our corporate colour of Ruby Red. A good year all round.
The year started strongly with several vehicles being delivered in January ready for the new year. Positive results for the UK economy at the end of the previous year gave confidence at the start of the trading season. The year proved to be quite challenging with concerns over the outcome of the "Brexit" plans. Our last Euro 5 tractor units were sold and we took the opportunity to invest in new Euro 6 trucks for our own fleet. We ended the year with a very satisfactory results paving the way for a positive start to 2018 and beyond.
Hanbury Riverside is acquired by the Asset Alliance Group as we aim to provide a wider range of finance, leasing and fleet management services as well as securing a wider range of quality tractor and trailer stock for sale to our customers. Asset Alliance is an award winning Finance, Lease and Contract Hire provider and share the values and standards we have built and as a group company we are excited about the benefits we can now add to our clients across the country.
We are proud to say we still supply trucks to a number of customers who purchased from us as far back as 1983.