This article appeared in the Yorkshire Post on Tuesday 14th March 2006.

Software Firms Start to Motor after Merger

(from left to right:) Russell Turner, Left Gary Cuthbert and Nigel Pates, the main players in the deal that led to Universal Training and Q.Bit Systems forming the new Q.Bit (Holdings).

Universal Training, the Yorkshire company which provides software packages for motor dealers, has merged with another business in a £6m deal.

The Knaresborough-based operation has joined forces with Q Bit Systems of Berkhamsted in Hertfordshire to create a new company called Q Bit (Holdings).

The deal was brokered by Yorkshire accountants Garbutt & Elliott.

The new company will provide a comprehensive range of software and data products for motor dealers across the country, designed to improve efficiency, cut costs and provide value for money for both car dealers and their customers.

Universal Training provides a software programme called Track, which enables car dealers to swiftly compile a comprehensive financial package for customers purchasing cars, while Q Bit provides a series of cutting edge software and data products which allow dealers to efficiently administrate their business.

Nigel Pates, managing director of Q Bit, said,: ‘the two companies have worked together on an informal basis for a couple of years now and it was clear there was a synergy between us.

‘It seemed natural to join forces and provide a comprehensive product for the motor retail industry.

'Our new company will deliver wining new applications that will power more and more of the industry’s major players.

‘Because we are constantly in touch with our dealers on the ground where it matters, we have developed an extensive suite of integrated solutions for our clients spanning a wide range of motor industry needs. We will create efficient processes, maximise profits and maximise opportunity’

Gary Cuthbert, Managing director of Universal Training said: ‘we use old-fashioned businesses principles to create a modern software service.

We have a loyal client base including dealers in Yorkshire such as JCT 600 group and Perrys along with many others such as the CarLand Group and Daimler Chrysler who appreciate the focused service we provide. Joining forces with Q Bit will enable us to roll out a more comprehensive efficient and attractive package.’

Russell Turner, of Garbutt & Elliot’s York Office, added: Ultimately we are delighted to achieve a financial structure and tax efficient solution which satisfied both parties.’

Legal advice was provided by the York Office of Solicitors Ashworth & Co.