AM Online

New board and great results for AutoLogic

Automotive logistics group AutoLogic has appointed Roger Putnam, former chairman of Ford Great Britain, and John Davies, previously MD of Lloyds TSB’s Asset Finance Division, as non-executive directors on its board.

The group, which specializes in new and used vehicle distribution, preparation and refurbishment, has had a successful year. It credits this to its extensive restructuring, including the sale of its London head office last June, and transferring to AIM to benefit from lower transaction and administrative costs.

The result is a £254.7m turnover recorded for 2006, a 4.4% increase over its 2005 figures, of which £220.3m is generated in the UK. Profits are also up 4.1% to £10.2m.

Chairman Neil Johnson says: “Initiatives are now delivering results and we are confident that we can build on these.”

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