In its preliminary results for the year ended April 30, the light commercial vehicle hire group announced operating profit up 6.5% to £39.5million on turnover ahead 22% to £229.5million. Pre-tax profit increased to £27.5million and the fleet has grown by 28% to 26,500 vehicles.
Alan Noble, executive chairman of Northgate Motor Holdings, revealed that the group planned to expand the number of depots around the country which could support 1,000 vehicles or more. About 10 areas in the country had been identified, plus about 60 additional sub-branches which will have up to 250 vehicles. The company currently has 31 outlets.