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Vindis Group battled with the pandemic in 2020, turning in pre-tax losses of £911,270 compared to losses of £1.9m in 2019 on turnover of £292.1m compared to £255.3m last time.
Used and new volumes were down circa 20% on 2019 with aftersales down 15%.
During the year it used the government furlough scheme and rates relief to protect cashflow.
In results filed at Companies House Vindis said vehicles sales were hit but aftersales was better.
“Despite expense savings the size of the volume decline was such that the overall contribution from vehicle sales fell by £1.8m against 2019.
“However, the picture in aftersales was better, productivity levels were very strong during the lockdown period when we provided a skeleton service. Gross profit improved an expense level were much reduced. The aftersales contribution ended up £155k better than the prior year.
“After taxation and minority interests a loss of £1.3m (2019: £1.9m loss) has been transferred to reserves.
“The board were delighted with this result considering the massive impact the virus made and recognise and appreciate the amazing effort made by all our staff in achieving this result.”