Northern Ireland group Donnelly sees profits soar to £5.9m

[ad_1]

Donnelly Team in Northern Eire turned in a strong general performance in 2021 with pre tax earnings quadrupling to £5.9m (2020: £1.45m) on turnover up 4.8% to £264.4m.

The results delivering 2.1% return on income, stick to a period of sizeable alter and uncertainty inside of the automotive market fuelled by economic and supply chain concerns.

For the duration of 2021 the group relocated its Honda franchise to a new purpose-developed facility on Boucher Street and completed the buy of the Bangor web-site representing Citroen and Motorstore.

Excluding the acquisitions, internet debt was diminished by about £1.7m in the course of the period and the group designs to lower credit card debt by a comparable quantity just about every 12 months as element of a three calendar year plan.

Dave Sheeran, running director at Donnelly Group (pictured) claimed: “Our directors are exceptionally contented with the Donnelly Group’s 2021 monetary success. The substantial profit increase recorded is largely owing to the sturdy organizing system carried out by the firm in response to the coronavirus pandemic.

“We are self-confident that Donnelly Team and its subsidiaries will proceed to demonstrate resilience and correctly navigate the troubles struggling with the automotive sector.

The Donnelly Group companions with 16 foremost automobile manufacturers together with Honda, Jaguar, Land Rover, Renault, Vauxhall and Volkswagen advertising both new and made use of vehicles, vans and pickups from its 9 spots across Northern Eire.



[ad_2]

Resource url