Lloyd Motors sees surge in profits to £24.7m

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Lloyd Motors turned in a powerful efficiency in 2021 with pre tax income up 83.6% to £24.7m on turnover forward 27% to £645.7m.

It stated the 12 months was ‘considerably overshadowed” by COVID-19 however it used the federal government help, together with job retention scheme, enterprise charges reduction and VAT cost deferral.

“During times by which restrictions have been eased the enterprise benefitted fro a major pent-up demand and elevated ranges of financial savings some clients skilled.

The group additionally hit the acquisition path shopping for the Jaguar Land Rover commerce and property in York for £4.6m.

In March 2022 it purchased the commerce and property for Morecambe Kia dealership from R Smith Windermere for £900,000.

It elevated the variety of individuals it employs from 897 to 996.

 

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