Westover operating above industry average
15 August 2018
Multi-franchise Westover Group reported turnover up but operating profit down as margins were squeezed but directors say the Wiltshire/Dorset-based company operates with above industry average efficiency.
Returning its 2017 accounts, the company showed an OP of £5.7million against £7.9m in 2016. Total turnover was up slightly, at £336.8m, and turnover from new and used car sales rose to £292m against £288m in ’16 but its return on sales of 1.7% (2.4% in 2016) are still ahead of the industry average of 0.87%.
They said: “The rise in turnover during the year reflects the ongoing resilience of the business despite a deteriorating market for car sales overall although margins are being eroded due to the increasing competition between rival manufacturers.”
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Westover 
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