Used car marketplace Motorway takes out £25m loan after losses widen Tech Motorway has agreed a fresh £25m loan after the online car marketplace reported widening losses. The London-based tech firm, which hit a valuation of over $1bn in a 2021 funding round, said it secured the loan one day before Christmas Eve, with £15m having already been drawn down by the end of the year. The [...]
I’ve been speaking to CEOs all year – this is what they really think Business After spending a year interviewing some of the UK’s top business leaders, a number of themes have emerged which paint a concerning picture of their confidence in this country’s future prospects – but there is also hope. In 25 episodes of City AM‘s Boardroom Uncovered podcast series in 2025, a large number of the CEOs [...]
Budget: Rachel Reeves told to make ‘simple fix’ to ‘badly outdated’ shares scheme Business Chancellor Rachel Reeves has been told to make “simple fixes” in the Budget this week to hand hundreds of millions of pounds in tax incentives to small businesses. It was first reported last month that proposals had been drawn up to lift the cap on Enterprise Management Incentives (EMIs). The scheme allows smaller businesses to [...]
‘I was told to hide my age so clients would trust me’: Motorway CFO Liz Kistruck August 14, 2025 We dig into the memory bank of the City's great and good. Today, it's Liz Kistruck, Motorway CFO and former Expedia exec.
Roadchef: M25 and M1 delays force motorway services to a loss July 21, 2025 Significant disruption on the M25 and M1 forced motorway service station chain Roadchef into the red in 2024, it has been revealed. The Staffordshire-headquartered group, which operates a 30-strong network of motorway service stations, has posted a pre-tax loss of £5.9m for its latest financial year. The total comes after the business achieved a pre-tax [...]
Boardroom Uncovered: Can Motorway change how the UK views used cars? June 25, 2025 Speaking on the latest episode of Boardroom Uncovered, Tom Leathes opened up about the chances of Motorway going public on the London Stock Exchange.
Could Motorway be set for a blockbuster London IPO? June 25, 2025 The chief executive and co-founder of Motorway has spoken out about whether his company will choose London for a possible future float.
‘We need the next Nikolay Storonsky’: Labour urged to act now to create next tech unicorn June 19, 2025 The UK needs to attract the next Nikolay Storonsky to its shores if it wants a new technology revolution to be built here, the CEO of tech unicorn Motorway has said. Tom Leathes, speaking on an up-coming episode of City AM’s Boardroom Uncovered show, said the country needs “the next Nikolai to come over and [...]
Motorway CEO: How I built my $1bn empire after a huge failure June 16, 2025 The co-founder and chief executive of used car marketplace Motorway has opened up about how he helped to build a $1bn empire from scratch following the biggest failure of his career. On an up-coming episode of City AM’s Boardroom Uncovered show, Tom Leathes also revealed how he and his fellow founders landed on the car [...]
Motorway cuts its loss as sales rise at ITV’s Six Nations sponsor October 14, 2024 Online-only used car marketplace Motorway cut its pre-tax loss in 2023 as the Six Nations TV coverage sponsor handled more than £2.2bn in sales transactions in the year. The London-based business, which has a network of more than 7,000 car dealers, has reported a pre-tax loss of £31.7m for its latest financial year, down from [...]