Mark Harrison, finance director at car dealer group Caffyns, has given the firm his notice of retirement.

Caffyns said he plans to retire on July 31, 2016, but will continue in his present role until then.

The car dealer group, with showrooms in the South of England for brands including Volkswagen, Audi, Jaguar and Land Rover, will start the formal recruitment process to identify his successor with immediate effect.

Simon Caffyn, chief executive said: "Mark has been finance director of Caffyns since April 2000 and has played a hugely significant role in the company and has made an outstanding contribution to the business during that time.

"He will continue in his present position until he retires and we shall, in the meantime, identify a suitable successor."

Since 2000 Caffyns turnover has gone from £143.4 million to £193.2m according to Companies House data. Operating profit has gone from a £0.3m loss in 2000 to a £3m gain in 2013.