Marriott Motor Group Slumps to a Loss
The family-run Marriott Motor Group has reported a loss due to 'increasing costs and reducing margins', resulting in a pre-tax loss of £39,698 in 2024.
This represents a significant decline from the previous year's profit of £1.15m. The company's bosses are now focusing on 'maximising site utilisation and efficiency' to respond to the loss.
- Pre-tax loss: £39,698
- Previous year's profit: £1.15m
- Vehicle sales increase: 1.6% (from 9,169 to 9,316 units)
- New vehicle turnover increase: 10%
'increasing costs and reducing margins'
Despite the loss, the company was named Audi's Medium Sized Dealer Group of the Year for 2024, providing a positive note for the retailer.
Author's summary: Marriott Motor Group reports a loss due to increasing costs.