According to newly filed accounts for the year ending 31 December 2024, turnover increased to £1.07bn from £1.03bn the previous year. The growth was supported by a strong performance in aftersales, which saw revenues climb 9% to £103.8 million. However, pre-tax profit fell to £19m, down from £22.9m in 2023, reflecting a difficult used car market and rising interest costs.

The firm, which can trace its history in Aberdeen back over 50 years, undertook significant expansion throughout the year. It invested £12m in redeveloping its Skoda, Seat, and Cupra dealership and acquired the Kia franchise in Peterhead. The group also partnered with the Chinese brand BYD, opening a new electric and hybrid vehicle site in the city.

This expansion contributed to a rise in vehicle sales, with new car sales increasing to 15,468 from 13,428 in 2023, and used car sales growing to 19,698. The company’s headcount also rose to 1,385, with significant resources dedicated to training and apprenticeships.

Group managing director Chris Clark called it a year of “solid performance” and praised his team’s ability to deliver “robust results” despite market headwinds. He stated: “Our balance sheet is stronger, our cash position healthy, and we remain well-placed to capitalise on future opportunities across the UK.”

While acknowledging sector-wide challenges such as recruitment, rising costs, and volatility in the electric vehicle market, the group said it entered 2025 with confidence and is positioned for further growth.