AM Online

Town & County Group back in profit

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.
 

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.