Motor Trader has published a digital Exclusive Supplement Called ‘Back to Business’ as showrooms opened for business on 1 June. The Supplement includes Best Practice sections on social distancing, Digital and Online and hygiene measures to combat COVID-19. The Best Practice cases highlight the actions dealers are taking to ensure compliance with the new rules. The government has issued guidelines ...
Read More »Stoneacre directors give up salaries to counter COVID-19 impact
Stoneacre directors have axed their salaries during the COVID-19 pandemic to show solidarity with hundreds of their staff on furlough. In an update on its website managing director Shaun Foweather announced the cut as part of a packet of measures to deal with the crisis. “As many may know, we have adhered to government guidelines to the fullest, closing the ...
Read More »Stoneacre powers ahead with profits of £13.9m
Stoneacre turned in a strong performance in the year to 28 April 2019 with pre-tax profits up 31.2% to £13.9m on turnover up 24.9% to £982m. The results include the contribution of £75m turnover and £442,000 profit from Mill Garages North East. During the year it added a Volvo dealership in Sheffield, a Renault Dacia franchise in Blackburn and MG ...
Read More »Stoneacre launches new Volvo dealership in Sheffield
Stoneacre is launching a new Volvo dealership in Sheffield at a cost of £6m. The group is holding a launch event on 28 January, which will be attended by Kristian Elvefors, managing director of Volvo Car UK. The new site features Volvo’s signature lounge area with Scandi-style furniture. Large panoramic glass walls will allow customers to see all activity in ...
Read More »Stoneacre to expand with £6m Volvo Sheffield dealership
Work has begun on a multi-million pound relocation for Stoneacre Motor Group Sheffield. The new site on Penistone Road, Sheffield, is a £6m investment by the Group to improve facilities for customers. The Volvo dealership will have a larger showroom and offer the Volvo Personal Service, which means that technicians will liaise with the customer from the point of booking. ...
Read More »Stoneacre group to represent MG in Greater Manchester
MG Motor UK has added Stoneacre Group to its dealer network. Stoneacre is the latest dealer group to join MG, opening a full sales and aftersales operation in Hyde, Greater Manchester. Stoneacre has been operating for more than 20 years and represents 24 brands across northern England and north Wales. The Hyde site is Stoneacre’s first with MG. Grant Brain, ...
Read More »Stoneacre profits rise 34% to £10.6m in 2018
Stoneacre Motor Group turned in a strong performance in the year to 28 April, 2018 with pre-tax profits up 33.9% to £10.6m on turnover up 9% to £786.3m. In results filed at Comapnies House it said it continued to digest the businesses it had acquired during the year and had achieved its target of ensuring all acquired assets were earnings ...
Read More »Stoneacre acquires three more Mill Garage sites
The Stoneacre Group has followed up its takeover of Mill Garages’ Sunderland site by acquiring three further outlets in Harrogate, Newcastle and Stockton. The deal sees Stoneacre adding to its portfolio of Volvo outlets. It now oversees 8 sites. “Everyone at Mill Garages is delighted to have joined forces with the fantastic Stoneacre brand,” said Alan Rennison-Rae, General Manager at ...
Read More »Stoneacre buys Platts Garage in Stafford
Stoneacre Motor Group has bought Platts Garage in Stafford, representing Fiat, Dacia, Renault and Kia. Platts has been located on the same site in Lightwood Rd, Longton since 1938 when it was known as Peppers Garage. It was awarded the Fiat franchise in 1946 and billed itself as the longest established Fiat franchise in the UK. The acquisition follows the January ...
Read More »Stoneacre to hit acquisition trail and announce record profits UPDATE
Stoneacre Motor Group is forecasting pre-tax profits of £10m on turnover of £800m in the year to April 2018. The group hit the acquisition trail in January, buying the single site Chris Variava business in Nottingham for an undisclosed sum. Chris Variava represents Suzuki, Mitsubishi, Alfa Romeo and Jeep. The group followed this up with the purchase of Burrows Hyundai ...
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