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Vantage Motor Group celebrates record turnover

Mark Robinson, Vantage Motor Group

Vantage Motor Group has seen its turnover rise above £200m for the first time as the business added five new sites 2015.

The group invested a total of £15.8m expanding its portfolio from 19 to 24 franchised dealer sites in the year ended December 31, with Honda Bradford and Skoda Morecambe added before the end of February.

In December it then acquired Lookers’ two Toyota dealerships and a Lexus operation in West Yorkshire.

Turnover rose from £170.1m in 2014 to £209.3m last year as a result, with £1m profit before tax in-line with the previous year.

The group sold 7,146 new cars (up 19.9%) and 8,371 (up 14.3%) during the year.

Company Secretary Timothy Swindin said: “The directors are pleased to report that the group has made a healthy profit in the year whilst continuing to integrate businesses acquired and making further investments in new facilities.”

Mark Robinson founded Meridian Motor Group in 2003 with three Toyota centres all located within Yorkshire.

Now trading as Vantage Motor Group, the Knaresborough-based company operates 25 dealerships across the North and Midlands, offering eight marques including Toyota, Hyundai, Citroen, Lexus, Honda, Kia and Skoda.

Last year the business was recognised in last year's Sunday Times Top Track 250, which ranks the UK's private mid-market growth companies with the biggest sales.

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