Marsh Holdings pushes turnover past £30m for 2017

Time 11:26 am, July 12, 2018

DEALER group Marsh Holdings managed to push its turnover past the £30m mark in 2017.

The group, which has its headquarters in Devon, increased its turnover from £29.5m to £31.1m last year, while pre-tax profits rose from £38,661 to £69,190.

Marsh Holdings has dealerships in five locations – Kia showrooms in Exeter and Taunton, Harley-Davidson in Plymouth and Southampton, and Triumph in Plymouth.

Directors at the company wrote in a business review that profits had continued to rise in line with expectations and that they were confident that sales and aftersales would be successful in hitting their future targets.

Marsh’s executives were also impressed that profitability had grown despite alleged weakened consumer confidence resulting from Brexit, as well as the demonisation of diesel and the 2040 ban on petrol and diesel powered cars. They added that 2018 profits were now tracking very much in line with expectations.

Main image: Google Maps

MORE: Average dealer profitability up in May with improvements in new and used car sales

MORE: Shelbourne Motors makes Kia first franchise for £5m Newry complex

MORE: Jennings Kia renews support for Stockton Cycling Festival

On Salvage yard flies the England flag for patriotic airline passengers

Car Dealer Magazine's avatar

Car Dealer has been covering the motor trade since 2008 as both a print and digital publication. In 2020 the title went fully digital and now provides daily motoring updates on this website for the car industry. A digital magazine is published once a month.

More stories...

ATG Advert
Server 108