Over the past two years, that growth has been mostly organic – the last franchised site added to the group’s portfolio was a £400,000 Seat dealership in Solihull, in June 2016.

The group has also been actively shedding debt and its gearing hit a low of 31.2% in 2016, down from a high point of 66.7% in 2007.

The group has also been actively shedding debt and its gearing hit a low of 31.2% in 2016, down from a high point of 66.7% in 2007.

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