Peter Waddell in 2021 loss due to Carzam

27 March 2023

Peter Waddell Holdco Ltd lost £985k before tax in the year ended December 2021, compared to a £4.8m profit in 2020. The loss is attributed to Carzam, of which Waddell held a 30% stake. In 2021, Caram lost £15.4m; Waddell’s share meant a £4.2m loss. It went into administration in June 2022.

The Big Motoring World group’s 2021 turnover grew from £308m to £374m. Before accounting for the Carzam hit, figures show group operating profit fell from £6m to £3.4m.

Tags: Carzam, Peter Waddell

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