15 April 2018

Cost cutting measures, including the closure or sale of loss-making sites, should help Greenhous Group see improvements during 2018, it said in its latest annual report.

During 2017 and in the early part of this year the Greenhous sold its Renault and Volvo dealerships, disposed of its Enjoy Car Life used car operation and closed its VW van centre in Shrewsbury.

For 2018 it is looking at increasing its share of the refurbishment market. It says that significant investment in its four state of the art sites make it well placed to take advantage of new opportunities and grow in the contracted revenue sector of the market.

While anticipating a challenging 2018, the directors said they are confident of growing their market share of car sales and increase the refurbishment business.

Turnover for the Greenhous Group (Holdings) remained steady at around £1.6 billion, gross profit for 2017 dropped slightly to £46.3 million against £49.7 million in ’16 and the gross margin remained similar at 4.6% against 4.9%. However, profit before tax fell to £1.2m in 2017 from £28.2m in 2016.

Meanwhile Greenhous has appointed Tony Mellish as its national fleet sales manager. For the past 18 months he has been working on the LCV side of the business with the Greenhous Ford and Transit Centre.

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