Dealer group Glyn Hopkin has announced a record 31% increase in profit after property disposals and before tax.
This is on a turnover that rose 20.2% to £419,436,000 on 2014.
For the 2015 calendar year, Glyn Hopkin dealerships sold over 27,500 vehicles, representing an uplift of 12.3% compared to 2014.
The group also achieved increases in its aftersales business, with turnover up 17.7% to £39,855,141, and gross profit up 16.7% to £17,303,924.
Fraser Cohen (pictured), managing director, said: “Since Glyn Hopkin first started trading in January 1993 the group has always aimed to improve, year after year.
“We have exceeded our previous record from 2014 thanks to a sound business growth plan and consistent hard work from a creative team that constantly challenges itself to do even better.”
“Our organic growth is fuelling our expansion into new territories and with new brands.
“Notably we have recently opened a new Nissan/Fiat dealership in East London, as well as a Nissan, Fiat and Jeep dealership in Cambridge and new Renault-Dacia showrooms in Chelmsford and Colchester.
“We are proud that our expansion has not resulted in an increase in long term borrowing or distracted us in 2015 from again achieving record results.
“We remain very ambitious and will push for further growth through 2016 and beyond.”
Glyn Hopkin’s short term goal, he said, is to reach a turnover of half a billion within the next two years.
Glyn Hopkin’s first dealership, Nissan in Romford, opened in January 1993 and the group now has more than 30 dealerships across London and the South East, representing 12 brands.
The group employs more than 700 staff across.