Family-owned dealer group W.Brindley has reported a growth in turnover, but a reduction in profits.
According to accounts on Companies House to November 30 turnover for the Wolverhampton-based dealer – that trades as Brindley Garages Group - is at £160.6 million, up 1.4% from £158.4m the previous year.
But profit before tax has gone from £1.2m to £299,000 (- 75%).
Return on sale was 0.19% in 2015 – 0.77% in 2014.
EBITDA is £831,000 (2014: £1.7m).
Brindley claims to be the largest family owned dealer group in the West Midlands with dealerships in Cannock, Wolverhampton, West Bromwich and Tipton.
It has eight new car franchises: Honda, Hyundai, Kia, Mazda, Mitsubishi, Nissan, Vauxhall and Volvo. And it offers Chevrolet, Citroen and Saab servicing.
Jeremy has been a journalist for 30 years, 20 of which have been in business-to-business automotive. He was a writer and news editor on AM-sister brand Fleet News for three years before setting up the AM website. For the last five years he has been Bauer B2B’s head of digital helping to manage the digital assets of AM, together with Fleet News, Commercial Fleet, Rail and Smart Transport.
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