Derek started BW (Formerly known as Benzworld) with 1 employee, a small inventory of pre-owned Mercedes Benz were purchased and retailed in his showroom back in Tai Keng Gardens. From the beginning, his goal was to become one of the market leaders in the Automobile Industry dealing with pre-owned vehicles. He wanted to operate his business in 2 different arms, Retail and Export.

BW’s Export Division was set up for the export of used vehicles internationally, the markets we cater to consists of Cyprus, Russia, New Zealand, Africa, Caribbean, Mauritius, Indonesia, Malaysia, Fiji and many more. Instead of just providing large quantity of cars to our customers internationally, the company’s focus was on the quality and because of that we have managed to build a good and trustworthy reputation for ourselves in those countries respectively.

The company’s business expanded and we shifted from Tai Keng Gardens to VICOM INSPECTION BLDG in Kaki Bukit, we now operate in a much bigger premises that has the capacity to host a larger variety of cars. Mercedes Benz leading the way and other makes like Lexus, BMW, Jaguar, Range Rover and even Chrysler progressively making their way into our showroom.

Set up Singapore Auction Services Pte Ltd (nka Venture Credit Pte Ltd), the first online car auction in Singapore. The response from overseas was very good but unfortunately we do not have enough cars to sustain the buying interest and the cost of running the auction. Nevertheless it was a good experience and it paved the way for our future development into digitalisation.

BW Sin Ming Branch was officially opened and obtained ISO 9001:2001 for the Sales of Premium Pre-owned Vehicles.

Acquired Singapore Mobility Corporation, operating as Sixt Singapore which is the exclusive operator for Sixt Rent A Car, Sixt Leasing and Sixt Limousine in Singapore. Sixt, founded in 1912 in Munich Germany is a global player supplying high-quality mobility solutions. Sixt has over 3,500 stations in around 85 countries globally.

Set up Venture Cars to venture into the mass market sector of the Japanese and Korean marques. Instead of wholesaling our trade-ins to fellow car dealers, a retail arm is set up to increase revenue and to offer more attractive trade in package to our clients.

Our first property investment in the prime district area of East Coast. Company purchased and operated business in a 4,800 sq ft showroom along East Coast Road. Also our first foray into Supercars like Ferrari, Lamborghini and Aston Martin.

Moved to our current location at 30 Ubi Road 4 due to rapid expansion. 8,000sq ft of space was needed to cater to our growing inventory and increase in headcount.

Set Up Sixt China to operate as a GSA (General Sales Agent) in Shantou, China. Our first overseas venture and it was an eye opener and great experience for those involved. Continual staff attachment programme to both sides meant valuable experience for our employees to explore the different business environment and culture of both countries.

Revamped Venture Cars to take on the import of JDM (Japan Domestic Model) cars from Japan as interest in Parallel Imported cars increase from a mere 5% in the mid 90s to more than 20% in 2015.

Set up BW Workshop to provide one stop after sales service to our clients and to provide inhouse warranty.

Revamped Venture Credit Pte Ltd to provide Motor Insurance and Financing services for our clients. Improve our customer retention rate and better customer experience through a one stop automotive solution.

Had one of our best years with the sale of more than 800 vehicles, close to 100,000 limousine transfers and generated a revenue of more than S$100 million.

The Company will continue to grow it’s existing businesses and will also be on the lookout for new automotive related businesses. To meet the challenges of an increasing customer base and profile as well as the ever changing requirements of our existing and new clients, the Company is looking to digitalisation and moving to a bigger premises to cater to the challenges of the next 10-15 years.