Automobile Association

Sectors:

  • Financial services Insurance services exc insurance broking & agency
  • Distribution - retailing Motor vehicle & accessories retailing & repairing
  • Membership services Other membership organisation services

Notes:

Established in 1905 as a motoring association to supply services to members and to act as a pressure group. By 1939 had 725,000 members and in 1994 8 million. Early on had an industrial vehicle section. 1949 established breakdown and recovery services. Also important insurance providers. Demutualised 1999 when acquired by Centrica Plc. Sold to private equity groups CVC and Permira in 2004 and in 2007 merged with Saga. Floated as a public company in 2014. Delisted 2021 when reacquired by private equity interests. Non commercial activities transferred to AA Motoring Trust in 2002 [2024]

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