JCT600 reports year of record turnover with revenues hitting £1.251bn

JCT600, the Bradford-head quartered car retailer, has reported another year of record turnover with revenues reaching £1.251bn, a 2% rise from £1.226bn the previous year.

Despite falling demand for new vehicles in the UK car market, the family business’ financial performance in the retail sector showed only a modest decline, significantly outperforming the overall market, whilst a strategic focus on the sales of used vehicles and aftersales provided another year of growth in these key area.

Together with the growth in sales, JCT600 also saw growth in its gross profits and that, together with a tight control of expenses right across the business, provided an increase in its operating profit before exceptional items to £19.1m.

Throughout the year, the group continued to invest in an ongoing programme of new premises and redevelopments with a further £7m being spent.

This included the opening of a brand new Porsche Centre in Teesside as well as refurbishments at Mercedes-Benz Sheffield and Peugeot Bradford.

John Tordoff, chief executive of JCT600, said: “Whilst there was definitely a degree of uncertainty in the UK economy last year which made trading conditions a challenge, the confidence of our customers appears to be resilient.

“Given the strength and longevity of the JCT600 name, the company is continuing to outperform the market as we stick to our core value of being a ‘Trusted’ partner for our colleagues, customers and our brand partners.”

Nigel Shaw, group finance director at JCT600, commented: “Despite strong competition both from other physical retailers and from the internet-based dealers, our ongoing investment in people, dealerships and systems is enabling us to retain our competitive advantage.”

Founded in 1946 as Brooklands Garage on Sticker Lane, Bradford, by current chairman Jack Tordoff, JCT600 has grown from a single dealership into the largest privately owned business in Yorkshire.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →