Marriott Motor Group Reports Loss Due to Increasing Costs
The family-run Marriott Motor Group has reported a loss, citing 'increasing costs and reducing margins' as the primary reason. According to accounts filed with Companies House, the company made a pre-tax loss of £39,698 in the 12 months ending December 2023.
This result marks a significant decline from the previous year's profit of £1.15m. In response, the company plans to 'maximise site utilisation and efficiency' to improve its financial performance.
- Pre-tax loss: £39,698
- Previous year's profit: £1.15m
- Overall 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 received positive recognition, being named Audi's Medium Sized Dealer Group of the Year for 2024.
Author's summary: Marriott Motor Group reports loss due to rising costs.