Early Life and Entry into the Automotive World
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. In 1970, Derek founded Mathewsons, initially focusing on the sale of modern cars and commercial vehicles in Bedfordshire. However, his passion for classic cars soon led him to shift the business’s focus toward vintage vehicles, recognizing the growing market for such automobiles.
In 1988, Mathewsons relocated to North Yorkshire, where the business expanded to include multiple garages in Scarborough, Malton, and Pickering. This strategic move 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 on the Yesterday channel, the show offers viewers an inside look at Mathewsons’ operations, showcasing the auctioning and restoration 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 and expanding his reach globally. Through the show, Derek became a household name, especially among classic car enthusiasts.
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. The show’s success has made Derek a well-recognized figure in the automotive world, and his presence on television has helped expand his wealth and influence.
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.
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.
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.
As the classic car market continues to grow, Derek’s influence and expertise will be crucial in shaping its future. With the rise of digital platforms and online auctions, Mathewsons is well-positioned to take advantage of new opportunities in the industry. Derek’s journey from a passionate car enthusiast to a renowned figure in the automotive world serves as an inspiration to aspiring entrepreneurs and classic car aficionados alike.
For a more in-depth look at Derek Mathewson’s financial journey and current net worth, you can visit The UK Post.
