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.
Login to continue reading
Or register with AM-online to keep up to date with the latest UK automotive retail industry news and insight.
Login to comment
Comments
No comments have been made yet.