8:37 am, August 28, 2026
Bosses at the family-run Lloyd Motor Group say they are ‘satisfied’ with the group’s performance after turnover topped £1bn for the first time.
Accounts recently filed via Companies House show that the Cumbria-based business turned over a whopping £1.08bn in the 12 months to the end of December.
The figure is more than 15% up on 2024, when the firm raked in £939.78m, boosted by increased takings from vehicle sales.
The accounts show that vehicle stock sales accounted for £981.95m of the group’s turnover, up from £843.84m in 2024, while parts and servicing contributed £95.26m, compared with £84.86m a year earlier. Other sales rose slightly from £11.08m to £11.25m.
Revenue was also helped by a number of dealer acquisitions throughout the year.
In August the firm coughed up £10.8m to buy three JLR sites in Newcastle, Houghton le Spring and Stockton from Stratstone.
That followed the £2.4m purchase of Skoda Carlisle from Lookers, which was formally completed in May.
The acquisitions contributed £53.82m of turnover during the year, although the big expenditure is likely to have played a part in the firm’s pre-tax profits dipping by 6.6% from £17.62m to £16.46m.
Despite this, EBITDA – the measure by which the Car Dealer Top 100 is ranked – increased 1.7% to £26.41m.
Reflecting on the year, the group said it was ‘satisfied with the overall performance across all franchises in challenging trading conditions’.
It ended the year with £181.22m of motor vehicle stock on its books, up sharply from £125.64m in 2024.
A further £25.08m of vehicle stock was held under consignment arrangements and was therefore excluded from the balance sheet.
Meanwhile, the group also increased its average workforce during the year, rising from an average of 1,230 full-time employees to 1,284.
That contributed to staff costs rising from £55.29m to £66.82m, while directors’ remuneration dropped slightly to £844,000. The group’s highest paid director received an improved £841,000.
For the year as a whole, the family-owned group maintained its dividend at £330,000, unchanged from 2024.
Writing in the accounts, director Sam Lloyd said: ‘The Group is committed to delivering a memorable experience for all of its customers and looks to enhance its reputation for excellence in all areas of customer satisfaction.
‘Treating customers fairly is at the core of the business culture and in particular for providing customers with the ability to finance vehicle purchases.’
He added: ‘The director is satisfied with the overall performance across all franchises in challenging trading conditions.’
Looking ahead, the firm says it remains confident for 2026 and is expecting a ‘high level of profitability’ in 2026.
The group has also continued its expansion programme with the acquisition of a Volkswagen dealership in Carlisle for £3.5m in March of this year.