Cambria’s management team, including CEO Mark Lavery, finance director James Mullins and managing director Tim Duckers, has offered 80p a share for the business to take the plc private. A stock market statement issued this morning reported: “There can be no certainty that an offer will be made. A further announcement will be made when […]

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Franchised dealer group, Vertu Motors, announced they could realise “ambitious growth aspirations”.  Robert Forrester CEO, said “This result has been delivered by a huge Vertu team effort.  I would like to thank every single one of my colleagues for their hard work and dedication in what has been an extraordinary period.” Forrester, revealed the board […]

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The family owned franchised dealer group, Victor Wood Group has been bought by Wilson and Co (Kia) Ltd,  trading as Drayton Motors. Victor Wood operated the Kia dealership in Grantham. This is Drayton Motors third Kia dealership, as they already represent the brand in Boston and Louth. Tim Griffin, Managing Director said “ After nearly […]

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Franchised dealer group JCT600 is now representing iconic British motoring brand MG Motor UK on Sticker Lane, Bradford. Whilst current lockdown restrictions are in place, the full range of vehicles are still available to view, reserve and buy online at www.JCT600.co.uk. Customers are able to use JCT600’s ‘click and collect’ or trusted home delivery service.  Service, […]

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After months of delays and a suspension from the Stock Exchange, Lookers has issued its financial results for 2019 which include a downward adjustment of £25.5m in profitability. The troubled franchised dealer group dropped to a £45.5 million loss before tax in the 12 months to 31 December 2019 down from a profit of £41.9m in 2018. […]

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Three franchised dealer groups have announced their end of year result. Warwick’s Rybrook Holdings saw turnover increase from £749m to £811m in the year ended 31 December 2019. Profit before tax, however, declined from £1.9m to £1.2m. During the year, they acquired Jaguar and Land Rover Stoke for £1.2m, selling the Jaguar operation in June […]

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Marshall Motors has signaled takeovers will recommence as the market consolidates in its latest half-year results. The franchised dealer group’s half-year results were, unsurprisingly, down on last year with an underlying loss before tax of £8.9 million against a profit of £15.2m in the first six months of 2019. However, the group claimed it has […]

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Stoneacre Group is the latest dealer group to join the MG Motor UK network. The new dealership, a full sales and aftersales operation, has opened in Hyde, Greater Manchester. Stoneacre, one of the UK’s leading franchised dealer groups, have been operating for more than 20 years. They represent 24 brands across northern England and north […]

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