Aberdeen-based Town & County Group has bounced back from losses in 2008 to turn in a healthy profit last year.
Managing director of the multi-franchise operation, Athol Strachan, says that positive trend is continuing with the first quarter of 2010 recording excellent business with Land Rover selling well thanks to Northern Scotland’s atrocious winter.
T&C Assets reported a £1.47 million loss in 2008 caused by exceptional stock losses and the closure of one franchise.
Last year however they reported pre-tax profits of £476,000 with turnover down almost £7 million to fractionally under £47 million.
The recovery came after T&C acquired Manor Oak Honda in Aberdeen for a seven-figure sum last November.
Strachan said cost-review exercises and greater operating efficiency have contributed to the turnaround.
The group, which has a staff of 200, also has franchises for Land Rover and Porsche in Aberdeen, eight filling station sites in the North-east of Scotland and a 4x4 Self Drive operation.