Marriott Motor Group Slumps to a Loss
The family-run Marriott Motor Group has reported a loss due to 'increasing costs and reducing margins'.
According to accounts filed via Companies House, the company made a pre-tax loss of £39,698 in the 12 months to the end of December 2024, compared to a profit of £1.15m in the previous year.
'increasing costs and reducing margins'
Despite the loss, the company saw a 1.6% increase in overall vehicle sales, from 9,169 units to 9,316, and a 10% increase in new vehicle turnover.
The company was also named Audi's Medium Sized Dealer Group of the Year for 2024.
In response to the loss, bosses are looking to 'maximise site utilisation and efficiency'.
Author's Summary
Marriott Motor Group reports a loss due to increasing costs.
- Pre-tax loss: £39,698
- Previous year's profit: £1.15m
- Overall vehicle sales increase: 1.6%
- New vehicle turnover increase: 10%
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