Lloyd Motor’s profits up 17.9%
07 August 2019
North of England based Lloyd Motor Group saw a 17.9% increase in pre-tax profits last year to hit a figure of £9.8 million, according to the firm’s latest results.
The gain comes on the back of a 3.7% increase in turnover to £562m from £541m in 2017.
Lloyd operates six BMW Mini businesses and also holds the Jaguar Land Rover, Volvo and Honda.
Managing director Bryan Lloyd added: “The directors look forward to improving the level of profitability in 2019 subject to the overall market and economic trading conditions remaining similar to 2018.”