Fleet News

Perry Group announces 19% rise in pre-tax profits

PERRY Group has announced pre-tax profits up 19% to £4.9m to June 30, compared to £4.1m last year, with turnover rising to £259m from £233m. The result was helped by turnover for the company's Nationwide Crash Repair Centres network rising 24% to £26m and improved results for new and used car sales from the group's 24 dealerships, as well as aftersales.

Chairman and chief executive Richard Allan said the contract hire division was modest in size, but had made a 'meaningful contribution' to the group's profits following a successful change of strategy. He said: 'We have found it difficult to obtain volume business at rates which leave an acceptable margin. We now concentrate on providing a high quality service to a small portfolio of customers.'

Allan declined to reveal the contract hire division's fleet size or details of its profits, adding that such details would not be published until the end of year results. Elsewhere in the group plans are under way to expand the Nationwide Crash Repair Centre network to around 50 by the end of the year and the company has recently entered contracts to establish two more Car Pavilion used car centres.

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