Northern Ireland’s leading independent motor retailer Donnelly Group has reported a pre-tax operating profit of £1,457,796 according to the latest accounts filed at Companies House for the year ending 31 December 2020.
Turnover for the period was £252,364,123 (2019: £311,861,484) which was impacted by forced closures throughout the pandemic.
The latest accounts follow a period of strategic review and rationalisation for the motor retailer and represent a £4,116,349 improvement over 2019 results.
Dave Sheeran, Managing Director at Donnelly Group said:
“2020 was an extremely challenging year for the entire motor retail industry. The pandemic coincided with a wider strategic review of the business, the out-workings of which are beginning to materialise in these results.
“The business is in a positive position following £7.2 million of annualised structural cost savings and I expect stronger results as the Group’s new strategy is fully implemented.
“Challenges remain throughout 2021, principally due to the ongoing global pandemic, but the Group’s trading has been very positive year to date and in line with expected improvements.”
The Donnelly Group partners with 16 leading vehicle manufacturers including Honda, Jaguar, Land Rover, Renault, Vauxhall and Volkswagen selling both new and used cars, vans and pickups from its nine locations across Northern Ireland.