9:45 am, June 24, 2013
SCOTTISH motor trader the John Clark Motor Group has acquired four businesses from Pendragon PLC.
The deal sees the John Clark Motor Group increase its Land Rover presence with the addition of dealerships in Perth and Cupar, and venture into the Jaguar franchise for the first time with dealerships based in Edinburgh and Perth.
The 101 employees across the four dealerships will continue to be employed by the company.
John Clark, chairman and managing director, said: ‘The acquisition of these four Land Rover and Jaguar sites from Pendragon PLC underlines our commitment to provide quality service and premium brands throughout Scotland.
‘Land Rover Pentland has been our only car dealership in the Scottish capital to date but this will change with the addition of the Jaguar dealership. We are further adding to the Pentland arm of our business and cementing our presence in the Central Belt with the addition of the Land Rover dealerships in Perth and Cupar and the Perth Jaguar site.’
2012 was the John Clark Motor Group’s third consecutive record year. Turnover rose 15 per cent to £355m and the company’s net trading profit reached £5m – an increase of 16 per cent.
The company also sold 20 per cent more vehicles in 2012 recording 8,483 units sold. Used car sales also saw record results with sales increasing to 7,079 – a rise of 17 per cent on the previous year.
The family-owned firm says it has enjoyed a record first quarter this year with turnover of £108m.
‘The additions to our portfolio will further strengthen our place at the forefront of the Scottish automotive sector and serve as a platform for future growth,’ added Clark.
