Just Car Clinic’s results

Just Car Clinics Group, the independent collision repair chain with 13 vehicle collision repair centres, has announced its preliminary results for the year ended December 31, 2004.

Turnover was increased by 8.5% to £23.46 million (£21.62m in 2003) and profit before goodwill amortisation and taxation was up 268% to £460,000 (£125,000 in 2003).

Operating cash flow reached £710,000 (£597,000 in 2003).

Barry Whittles, chief executive of Just Car Clinics, says: “2004 has been a significant year in the development of Just Car Clinics. We have enjoyed record levels of growth and significant improvements in underlying profitability.

“As our sector continues to consolidate, our strong relationships with work providers and ability to win new approvals will be central to the future development of the company.

The board is confident that Just Car Clinics is well positioned to build on the progress made in 2004, with growth coming from both existing locations and selective acquisitions.”

More information on this story will be included in the March 11 issue of AM magazine.