Marshall Motor Group targets £15m PBT following strong September sales

Following a particularly strong trading performance in the September plate-change month, Marshall Motor Group is now targeting an underlying profit before tax performance for the year of £15m.

The Group has said that its adjusted cash position remains strong, and as a result it believes it appropriate to voluntarily pay all amounts from which it benefited under the Government’s VAT Payment Deferral Scheme, which were not due to be fully paid until March 2022.

It is now up to date on all deferred VAT liabilities. Notwithstanding this £10.9m payment, the Group’s adjusted net cash (excluding IFRS16) as at 30 September 2020 was £31.5m.

Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Marshall Motor Holdings Plc

More articles like this

Marshall Motor Holdings Plc

A future for regional motor retailers

Industry consolidation has been seen as a threat for regional groups, but the raft of significant changes facing automotive retail will not diminish a place for the strongest players in the market. The next five years will see big

Marshall Motor Holdings Plc

UK paves way hands-free driving on motorways

Drivers in Britain could be legally allowed to take their hands off the wheel to check their emails or read a newspaper in cars fitted with the latest technology ‘by the end of this year’, the Government has

Marshall Motor Holdings Plc

The smart way to budget for servicing

Service Plans are one of the most popular products that we sell.Many of our customers find that it’s the ideal way to budget for servicing their new or used Audi because they can spread the cost over a

Marshall Motor Holdings Plc

Marshall fully open effective today

In accordance with the latest Government guidance, I am delighted to announce that all sales, service, parts and bodyshop departments across Marshall Motor Group retailers will FULLY REOPEN effective Monday 12 April 2021. As always, the safety of our customers,