Even by Alex Chesterman’s standards, the rise of Cazoo has been breathtaking. The serial entrepreneur behind LoveFilm and Zoopla seems to be about to clinch a third big win with his used-car retailing business.
Credit Suisse, Goldman Sachs and Numis have been hired to work on a possible flotation or a sale to an American blank-cheque company and the price tag being bandied about is a remarkable £5 billion. As Arthur Daley might have said, that’s a nice little earner.
Cazoo didn’t exist until late 2018, when Chesterman raised an initial £30 million to finance its creation. Few had even heard of it until August last year, when the name started appearing on Everton shirts. It is loss-making, according to its most recent accounts, and
