Tag Archives: caffyns

Caffyns turned in a strong performance in the half year to 30 September 2024 with a four-fold increase in pre-tax profits to £213,000 (£44,000) on revenues up 3% to £137.7m. Underlying profit before tax was £452,000 compared to £259,000 last time, including income of £0.14 million from the sale of a personalised numberplate. Given the economic backdrop and the changes ...

Falling used car values in the final quarter of 2023, along with high interest rates and energy costs saw Caffyns move -£1.5m into the red for 2023 on turnover up 4% to £262.1m. New car unit deliveries up by 5%, used car unit sales were up by 2% and aftersales revenues increased by 5% to £28.5. Caffyns said its used ...

Caffyns has reported a profit before tax of £1.6m (2021: £2.3m) for six months to 30 September. The drops was caused by “ongoing disruption to new car supply and current economic challenges”. On supply it said: “The majority of the manufacturers we represent remained muted due to the continuing effects of the global shortage in semiconductors and battery components restraining manufacturers’ production ...

Caffyns has reported an underlying profit before tax of £4.6m (2021: £1.9 million) on revenues of up 36% to £223.9m. The Group said that revenue improved predominantly from significantly higher levels of car deliveries. Operating margins improved significantly to £5.7m (2021: £2.9m) because of buoyant trading in used cars and a strong focus on “improving operational effectiveness.” Total UK new ...

  Caffyns turned in a strong performance in the year to March 2021 with profits of £1.4m compared to £103,000 last time on turnover down 16% to £165.1m. Like nearly all dealer groups during the year it cut costs, invested in digital and availed of government schemes to help the business get through the pandemic with showrooms closed in successive ...

Caffyns has reported an underling profit before tax down 82.6% to £251,000 (2019: £1.44m) and a 5.4% decline in revenues to £197.9m. In its financial results to 31 March 2020, Caffyns said that its new car sales has declined by 11% and used car sales fell by 1.4%, on a like-for-like basis. It said: “In the light of the ongoing impact of the ...

The June issue of Motor Trader is now online, focusing on how dealers kick started their businesses after the lockdown. It features an exclusive supplement on how dealers have prepared their showrooms and workshops to deal with social distancing and new safety rules. The issue features case studies From TrustFord, Stoneacre and PSA. Also in June is an overview of ...

Caffyns PLC has posted half year pre-tax profit of £56,000, down 92% on last year (£704,000). The downturn in profits is largely due to the supply issues the company experienced. New car deliveries in the period fell by 14.5%, which was a greater fall than the 6.1% reduction recorded in the retail and small business market segment. Volkswagen and Audi ...

Car retailer Caffyns has posted a pre-tax loss of £428,000 for the year ending 31st March 2019 compared to a profit of £1.2m last time. The company’s preliminary results for the end of year show £209.24m in revenue for 2019, down from a restated amount of £215.86m for 2018. However, underlying profit before tax increased to £1.45m from £1.39m ‘despite ...

Some of the UK’s biggest dealer groups have signed up to the new Electric Vehicle Approved (EVA) scheme to help  customers buying electric cars. Arnold Clark, Vertu, Lookers, Hendy and JCT 600 have outlets on the electric vehicle dealer accreditation scheme,which has been developed by the National Franchised Dealers Association (NFDA) and the Energy Saving Trust (EST). Speaking at the ...