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John Banks Group completes refurbishment at Ipswich Honda

Honda's NSX hybrid sports car took centre stage in John Banks Group's refurbished Ipswich Honda site at an official opening event
John Banks Group Honda Ipswich John Banks Group Honda Ipswich
Mark Banks, managing director of John Banks Group, said that materials and labour for the development had been sourced from local businesses "where possible"
In 2016 the group launched a £25,000 salary guarantee for sales executives in bid to "keep and attract the best people"
The group operates eight sites across Suffolk and Norfolk, representing Honda, Renault, Dacia and Suzuki

John Banks Group has recently completed its biggest refurbishment project in over eight years at its Honda Ipswich dealership.

The refurbishment at the facility, on Felixtowe Road, Nacton, came as part of an investment in dealerships across the group, which consists of: Honda franchises at Ipswich, Bury St Edmunds and Cambridge; Renault and Dacia dealerships in Cambridge and Suzuki dealerships in Ipswich and Bury St Edmunds.

Earlier in the year, John Banks Group completed an upgrade of its workshop at Mercers Row Cambridge, which now services both the Renault and Dacia dealership and the Honda dealership, which are both within walking distance from the facility.

The new workshop boasts a comfortable waiting area, new workshop with eight bays and an MOT equipped bay with capacity to complete Class 7 MOT's.

Local business J W Wright worked with John Banks to lead their upgrade and refurbishment projects which included a full showroom refit to Ipswich Honda along with improved facilities and staff areas.

Mark Banks, managing director of John Banks Group, said: “We're absolutely thrilled with the result; it's exactly what we envisaged.

“Everyone involved in the refurbishment has worked as a team, sharing the same vision to create a refreshed look for our businesses.

“The materials, fixtures and finishes were, where possible sourced from local businesses such as Glasswells and Foxwood Ceramics.

“John Banks Group has risen to become 90th in The Top 100 companies in Norfolk and Suffolk and as an independent family business it was important for us to use other local independent businesses to support the local economy.

“This investment will enhance our reputation as a leading motor group within East Anglia.”

In it’s annual accounts to December 31, 2016, the John Banks Group recorded a turnover of £60.2 million, 9.7% up on 2015’s £54.8 million.

Profits before tax for the period was £1.27 million, however, representing a decrease of over 19% on the previous 12 months (2015: £1.57m).

The period saw the business implement a £25,000 basic wage offering for sales executives and the establishment of Club 150+, which guaranteed every member of sales staff achieving 150 new car sales, and performing consistently each month, a salary of over £32,000.

The group said in its accounts that the move was important to ensure that it could “keep and attract the best people”.

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