2:40 pm, November 4, 2026
Masters of Beckenham has reported an 82% drop in annual turnover after selling its remaining car dealership to JCB Group as part of its exit from motor retail.
New accounts filed at Companies House show that the business generated revenue of £4.67m in the year to December 31, 2025, down from £26.38m in the previous 12 months.
The sharp decline follows the disposal of Bromley Kia to JCB Group at the beginning of 2025, bringing an end to Masters of Beckenham’s involvement in car retailing.
The accounts reveal that the sale generated a £400,000 gain for the group, which has since turned its attention to property and other commercial interests.
Despite the steep fall in turnover, Masters of Beckenham remained profitable, reporting pre-tax earnings of £1.23m, down 25% from £1.63m in 2024.
The figures include revenue from the discontinued motor retail operation, with turnover from the group’s continuing businesses falling by a smaller 20%, from £4.44m to £3.56m.
Operating profit from continuing operations declined 58% to £669,820, while total group operating profit slipped 13% to £800,733.
Profit after tax increased slightly from £860,887 to £899,019, helped by a substantially lower tax charge.
The financial statements also reveal that the group’s average workforce fell from 56 to 33 during the year, although the accounts do not specify how many employees transferred to JCB Group as part of the dealership sale.
In its strategic report, Masters of Beckenham confirmed that its withdrawal from motor retail was part of a wider strategy to focus on other areas of the business.
The directors said: ‘At the beginning of 2025 the group sold its remaining motor dealership which was part of the overall strategy to consolidate a main income stream from property, complimented by the profits from two other trading divisions.’
The company now holds a mixture of commercial and residential properties, with rental income providing a key source of revenue.
Its investment property portfolio was valued at £16.74m at the end of 2025, unchanged from the previous year, and the group says it will be looking for further acquisitions.
Away from property, the business is pursuing opportunities through Masters Promotional Vehicles, which is developing mobile medical facilities for NHS and private healthcare customers.
The company also continues to operate a manufacturing business producing promotional merchandise, including banners, flags, signs and exhibition displays.
The group’s directors described 2025 as a satisfactory year despite challenging economic conditions and said they expected stronger returns from property investments and its remaining trading businesses in 2026.
The accounts also show that shareholders received dividends totalling £1.32m during the year, up from £1.15m in 2024.
At the end of December, the group held net assets of £15.27m, compared with £15.69m a year earlier.