Fleet News

Gowrings' half-year profits rise 22%, turnover up 16%

GOWRINGS, the Ford dealership, bodyshop and burger chain conglomerate, has returned six-month profits before tax up 22% on turnover which increased 16%. For the half-year ended June 30, pre-tax profit for the company topped £491,000 (1998: £401,000) with turnover at £50.3 million (1998: £43.3 million).

Operating profit in the motor division was up 1% to £728,000 (1998: £721,000), with turnover up 11% to £38.3 million (1998: £34.6 million). Future plans for the motor division include the opening of a body repair shop, scheduled to open in March 2000 which will give it four bodyshops in the Thames Valley.

The company has also been awarded the territorial rights for the Basingstoke area by Ford and has prospective premises under offer subject to planning consent. The motor division has main Ford motor dealerships in Wokingham, Newbury and Bracknell and bodyshops in Newbury, Wokingham and Swindon.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee