Yorkshire based dealer group, Harratts Motor Group have published figures showing they turned over £124.3 million and recorded a pre-tax profit of £307,000 in 2015, a figure it expects to double by the end of this trading year.
The group, who sold a Volvo dealership in Huddersfield to Clive Brook in 2015, say this is their best trading performance in over three years, having made a £2 million loss in 2014.
Family owned, Harratts have nine dealerships across Yorkshire in Leeds, Wakefield, Barnsley and Pontefract. They employ over 200 people and hold franchises for Honda, Mitsubishi, Nissan, Renault, Dacia, Volvo and Kia, plus a paint and body shop.
Commenting on their latest figures, Craig Fraser, group operations director at Harratts Motor Group, said, “We are all delighted with the latest published figures. They represent a dramatic turnaround in trading performance. We have succeeded in consolidating the group by selling under-performing businesses and becoming a more manageable and efficient operating unit in the process. This way, we have been able to achieve manufacturers’ targets and deliver our most profitable trading period in recent years.”
Harratts managing director Shaun Harratt added, “I am hugely grateful for the hard work of our dedicated teams throughout Yorkshire. I would also like to thank our wonderful customers for their support too. We have made some tough decisions in recent years, but the group’s current state of resurgent health justifies our approach. We must now maintain the momentum. We are focusing on stability in operations; further growth from after sales profitability; and a continued focus on achieving manufacturing targets.”
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