Despite inflationary pressures, Endeavour Automotive turned in pre-tax profits of £5.5m on £240.7m turnover in the year to December 2022. These results are largely unchanged from profits of £5.6m on £236.4m the previous year.
The directors said they were pleased with the performance, especially in light of inflationary conditions with rising energy costs and interest rates.
At the end of 2022 the company acquired a freehold property in Romford where there are plans to relocate its East London Volvo site and expanded by opening a Volvo facility in Maidenhead. INEOS was also introduced to the group.
Endeavour also launched a Polestar facility at Battersea Power Station as well as acquiring a Hyundai business in Ipswich and Bury St Edmunds and a body shop in Ipswich from Turners for £1.9m.
The company now represents Hyundai, Volvo, Lotus, LEVC, Polestar and INEOS. It is rated 67 in the Motor Trader Top 200 Dealer Groups.