Stoneacre Motor Group’s profit before tax soared by 63% to deliver a record set of annual financial results for 2021/22.
Stoneacre Motor Group remains “well-positioned for continued expansion” after 2020/21 annual financial results detailed a near-170% rise in pre-tax profits.
Stoneacre Motor Group has officially opened the first of three new Renault and Dacia dual-brand car dealerships – creating a multi-brand site alongside its Vauxhall franchise in Backburn.
Stoneacre Motor Group has created a dual-brand Aston Martin and Lexus dealership in Newcastle after forging its first partnership with the Japanese premium brand via an acquisition from Jardine Motors Group.
Stoneacre Motor Group has promoted David Teatum and Mark Zavagno onto its board of directors after driving past its £1 billion turnover growth target.
Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group.
Stoneacre Motor Group's directors will forego their salaries after taking the decision to furlough 3,000 employees due to the COVID-19 coronavirus pandemic – vowing not to take a wage until the business “returns to profitability”.
Stoneacre Motor Group has revealed detail of a 24.9% turnover increase in annual turnover and a 31.2% increase in pre-tax profits in annual financial results to April 31, 2019.
MG Motor UK has opened its 100th UK car dealership with the opening of Stoneacre Motor Group’s fourth franchised location with the brand at a new retail facility in Doncaster.
Stoneacre has become the latest new addition to the MG Motor UK car retail network with the opening of a new franchised site in Greater Manchester.
Aston Martin’s DB11 took centre stage at the opening of Stoneacre’s new 1,950 square metre showroom in Newcastle.
