13 October 2020 - update

The automotive retail group has issued an update announcement regarding current trading and an outlook for the year to 31 December 2020. There has been strong trading of late and continued outperformance of the UK new vehicle market.  The company is now aiming at underlying profit before tax of £15m for the full year, having previously been looking at break-even.  Adjusted net cash as at 30 September was £31.5m after £10.9m early repayment of VAT deferral.  The outlook is uncertain due to the situation with regards to Covid-19 and . . .

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