Early Life and Passion for Cars
Derek Mathewson was born on October 13, 1951, in Bedfordshire, England. From a young age, he developed a keen interest in automobiles, particularly vintage and classic cars. His fascination with these vehicles led him to pursue a career that combined his passion with business acumen. In 1970, Derek founded Mathewsons, initially focusing on selling modern cars and commercial vehicles in Bedfordshire. However, his true passion lay in classic cars, and over time, he shifted the company’s focus to specialize in vintage vehicles. This strategic move allowed Mathewsons to carve out a niche in the competitive automotive industry.
In 1988, Mathewsons relocated to North Yorkshire, where the business expanded to include multiple garages in Scarborough, Malton, and Pickering. This allowed Derek to cater to a broader clientele and solidify Mathewsons’ reputation in the classic car industry. Over the years, Mathewsons became known for its expertise in buying, selling, and restoring classic cars, making it one of the most respected names in the industry.
Rise to Fame with ‘Bangers & Cash’
Derek’s expertise and enthusiasm for classic cars caught the attention of television producers, leading to the creation of the hit TV series Bangers & Cash. Premiering in 2019, the show offers viewers an inside look at Derek’s business, showcasing the sale, restoration, and auction of classic cars. Derek’s charismatic personality and deep knowledge of automobiles made him a favorite among audiences. The success of Bangers & Cash quickly catapulted Derek and his business into the limelight.
The show not only gave Derek a platform to showcase his passion for classic cars but also introduced Mathewsons to a much wider audience. The success of Bangers & Cash has led to several spin-offs, including Bangers & Cash: Restoring Classics, further cementing Derek Mathewson’s status as a television personality. Through the show, Derek became a household name, especially among classic car enthusiasts. His approachable demeanor and in-depth knowledge of classic cars made him a go-to figure for anyone interested in the world of automotive history.
Derek Mathewson’s Net Worth
As of 2025, Derek Mathewson’s net worth is estimated to be between £4 million and £6 million. This wealth is primarily derived from his classic car business, Mathewsons, and his television appearances. The exposure from Bangers & Cash has significantly boosted the business, attracting higher bids and more significant sales at auctions. Derek’s fame on television has also brought in additional business opportunities, including sponsorships and partnerships with other industry players.
In addition to his business ventures, Derek is known for his philanthropic efforts. Mathewsons frequently hosts charity auctions, with proceeds going to various causes, including the Martin House Children’s Hospice. These charitable endeavors highlight Derek’s commitment to giving back to the community and using his success to help those in need. His generosity, combined with his business acumen, has made him a respected figure in both the automotive world and the charitable community.
Family and Personal Life
Derek Mathewson is married to Sue Mathewson, and together they have two sons, Paul and Dave, who are actively involved in the family business. The Mathewson family operates as a cohesive unit, with each member bringing their expertise and passion for classic cars to the table. Derek’s family has played a significant role in the success of Mathewsons, as they have all worked together to preserve and grow the business over the years.
In February 2023, it was reported that Derek and Sue had separated after 40 years of marriage. Despite this, they continue to maintain a professional relationship, working together to ensure the success of Mathewsons. Derek’s sons, Paul and Dave, are an integral part of the business, contributing their skills and knowledge to keep Mathewsons running smoothly. Derek’s ability to balance family dynamics while growing the business has been a key factor in his enduring success.
The Future of Mathewsons
Looking ahead, Derek Mathewson remains committed to the growth and success of Mathewsons. Plans include expanding the business’s online presence to reach a broader audience and hosting special car events to celebrate classic car culture. Derek’s dedication to preserving the legacy of classic automobiles ensures that Mathewsons will continue to thrive in the years to come.
Derek’s journey from a passionate car enthusiast to a renowned figure in the automotive industry showcases the importance of following one’s passion and leveraging opportunities to achieve success. His story serves as an inspiration to aspiring entrepreneurs and classic car aficionados alike. With the classic car market continuing to grow, Derek’s influence will be crucial in shaping its future. Mathewsons is well-positioned to take advantage of new business opportunities, including virtual auctions and global online sales.
For a more in-depth look at Derek Mathewson’s financial journey and current net worth, you can visit Derek Mathewson Net Worth.
