Cambria Automobiles has recorded a 2.2% decline in revenues and 19.7% drop in profit before tax as an overhaul of its franchise representation led to “significant disruption” in its financial year to August 31.
Pendragon has projected full-year financial results delivering a further 17.2% decline in underlying profit before tax in an interim management statement revealing declines in turnover and profit during Q3.
Peoples' chairman Brian Gilda has warned of Brexit “Armageddon” for the UK’s automotive sector after the Scottish retail group negotiated “fierce competition and diminishing volumes” to realise a £274.4 million turnover.
Marshall Motor Holdings has expressed its aim of focusing on its “strong balance sheet” in a trading update issued in response to the introduction of the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP).
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
Perrys Group has blamed cost pressures including the apprenticeship levy, pension costs and a higher minimum wage for a set of 2017 annual financial results which showed a 65.7% decline in profit before tax.
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