Great Yarmouth car dealer Pertwee & Back sees margins squeezed
PUBLISHED: 11:29 23 August 2017 | UPDATED: 14:49 23 August 2017
Archant Norfolk © 2016
An east coast car dealership has seen its margins squeezed amid challenging trading conditions.
Ford retailer Pertwee & Back, which is based in Gapton Hall Road, in Great Yarmouth, recorded a pre-tax loss of £17,382 for the year to October 31, 2016, down from a profit of £80,938 for the previous 12 months.
Despite selling a high volume of cars, margins were lower and turnover fell to £38.6m from £44.2m, recently filed accounts at Companies House show.
In their strategic report, the EDP/EADT Top 100 firm’s directors said they were satisfied with the performance and believed the company was “well positioned due to high the quality of stocks held, keen pricing strategies and good customer relationships”.
The family-run company, which employs around 40 people, also said it had disposed of its body shop business during the period to focus on its core dealership business.