Halliwell Jones profit fall ‘satisfactory’, say directors
21 October 2018
Directors at BMW and MINI retailer Halliwell Jones described figures showing a fall in pre-tax profits of more than 60% as ‘satisfactory’ given the trading climate last year.
The Cheshire and North Wales business saw turnover grow from around £66 million to £71m but pre-tax profits dropped sharply from £457,110 to £174,400.
In its financial statement for 2017, the directors wrote that they “believe this result represents a satisfactory performance, particularly given the relatively difficult trading environment that most franchised motor retailers faced during 2017, including within the BMW network”.
No one replied to Agenda requests for more details.
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