Cambria revs up for more growth
Swindon-based motor dealer group Cambria Automobiles has accelerated revenue past £450m and increased pre-tax profit by 33 per cent as new vehicle sales grew rapidly.
In the year ended 31 August 2014, the group recorded turnover of £450.1m – up 14 per cent – and a pre-tax profit of £5.3m.
New vehicle sales increased by 16.7 per cent during the period – 6.1 per cent ahead of the market at 10.6 per cent. Cambria also registered a rise of 2 per cent for used cars, with profit per unit improving.
Chief executive Mark Lavery said: "The new financial year has started strongly with the group's performance in the first two months being both ahead of our business plan and significantly ahead of the year under review.
"I am pleased with the progress that we are making across our established businesses; I am excited by the potential of the newly acquired Jaguar Land Rover business in Barnet; and I am confident that Cambria can maintain this momentum and deliver further improved performances across all it departments in the current financial year."