Used Cars NI Ltd

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Used Cars NI Ltd - overview

Established

2006

Location

Belfast, Northern Ireland, UK

Primary Industry

Marketing/Advertising

About

Based in the UK, Used Cars NI Ltd, operates as an online automotive marketplace that enables consumers and dealers to buy, sell, compare, and advertise used vehicles across Northern Ireland. Based in Belfast, the UK and founded in 2006, Used Cars NI Ltd operates as an online platform for buying and selling used vehicles. The company has focused on providing a user-friendly experience for both consumers and dealers. In July 2026, Distilled SCH Shared Services Ltd, a portfolio company of Blacksheep Fund Management, acquired Used Cars NI Ltd.


Financial terms of the transaction were not disclosed. Used Cars NI primarily operates as a platform dedicated to facilitating the sale of second-hand vehicles, catering to a diverse clientele seeking affordable and reliable automotive options in Northern Ireland. Their core offerings include an extensive inventory of used cars, which are accessible through their user-friendly website, allowing potential buyers to search vehicles by various criteria, including make, model, and price range. The platform serves individual customers and B2B transactions, engaging local car dealerships and private sellers.


Since its inception, Used Cars NI has focused on providing a seamless online experience, addressing challenges in vehicle sourcing and decision-making for both buyers and sellers within the automotive market. The company generates revenue primarily through transaction fees associated with the sales facilitated on its platform, deriving income from both private sellers and dealerships that list their vehicles. Each successful transaction constitutes a culmination of the user experience, wherein the seller registers their vehicle, and the potential buyer engages through the platform to finalize the purchase. The transactions are structured to encompass multiple tiers of service, offering both free listings for private sellers and premium packages with enhanced visibility for dealerships.


Revenue is further supplemented through strategic partnerships with local finance providers and insurance companies, which may offer additional services to consumers. Flagship services may include features like price checkers and vehicle alerts, enhancing the overall customer value proposition and driving sales through continuous interaction on the website. The company plans to enhance its platform capabilities and expand its service offerings to better serve the automotive market in Northern Ireland. Current initiatives include developing partnerships with local finance providers and insurance companies to offer additional services to consumers.


Current Investors

Distilled SCH Shared Services Ltd

Primary Industry

Marketing/Advertising

Sub Industries

eMarketing/Digital Marketing, Web Applications, Information Services

Website

www.usedcarsni.com

Verticals

E-commerce

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Used Cars NI Ltd - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedUsed Cars NI Ltd-

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