12:07 pm, October 5, 2026
Used car supermarket group V12 Sports & Classics has managed to hold profits virtually steady despite seeing almost £28m wiped from its annual turnover.
Newly filed accounts show the dealer generated revenue of £207.2m in the year to December 31, 2025, down 11.9% from the £235.2m recorded a year earlier.
However, despite the sharp fall in sales, pre-tax profit slipped by just £2,647 to £254,312, compared with £256,959 in 2024.
Profit after tax actually increased, rising from £128,399 to £150,093.
This follows on from a difficult 2024, when turnover climbed by almost £40m but pre-tax profit more than halved.
Revenue had increased from £195.5m in 2023 to £235.2m in 2024, while pre-tax profit fell from £563,997 to £256,959 over the same period.
V12 subsequently closed four of its used car sites as bosses moved to concentrate on the group’s remaining operations.
The dealer shut branches in Witham, Luton, Nelson and Newcastle during 2024, with directors saying at the time that the changes had already begun to improve the performance of the business.
The latest accounts now show turnover falling back towards its 2023 level while profits have remained broadly in line with the previous year.
Despite remaining profitable, however, the accounts continue to underline the narrow margins involved in running a major used car supermarket operation.
V12 made just over £254,000 of pre-tax profit from more than £207m of turnover during the year.
Directors commented, in the accounts published last week on Companies House: ‘The company has continued to focus on operational excellence across the operating platform, improving efficiency, maintaining disciplined stock management and positioning the business for future profitable growth.
‘Importantly, the reduction in revenue did not result in a corresponding reduction in profitability.
‘The directors believe this demonstrates the underlying resilience of the company’s operating model and the benefit of maintaining a continued focus on cost control, operational efficiency and margin management.’