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.