The management group at Japanese Western Motor Group has praised its workforce for delivering a resilient monetary lead to 2022 regardless of financial points and shortages of auto provide.

Regardless of a turnover discount from £818 million in 2021 to £810m in 2022, the Japanese Holdings group elevated gross revenue from £99.6m to £10.2m.

Revenue earlier than tax was down from £32m to £24.9m nonetheless, largely as a result of elimination of presidency charges aid, normal inflationary will increase and the prior 12 months outcome together with a property revaluation achieve.

“Total the administrators are very happy with the group’s efficiency in 2022, contemplating new car provide throughout a lot of our franchises was adversely affected all year long nonetheless the inventory place improved over the past quarter,” wrote firm secretary Nasser Mohammed within the annual accounts.

Chairman and chief govt Douglas Brown advised AM: “We’re happy that, taking every part into consideration, we nonetheless managed to attain a ROS of three%.”

After gaining franchises from Toyota GB for Falkirk, Stirling, Perth and Dundee, funding is underneath option to open a brand new website in Dundee for Lexus, Toyota and the group’s Automotive Deal Warehouse used car grocery store model by November 2023.

Toyota Stirling, working in non permanent amenities at present, in early 2024 might be homed in a brand new seven-car showroom that’s being added to the group’s exisiting website housing a Western Honda dealership.

And a dealership in Perth has been acquired able to refurbish because the everlasting house of Perth Toyota.

This comes after expansions in 2022 which included opening a VW Industrial Automobiles dealership at Newbridge, Edinburgh, and a brand new Mercedes-Benz dealership at Fife

On the finish of 2022  Japanese Western Motor Group joint managing director Peter Collin retired, together with his counterpart Keith Duncan assuming the position of group managing director, with accountability for the whole group and its strategic route.

Douglas Brown, the group’s proprietor, grew to become chairman and chief govt, and three of EWMG’s franchise administrators had been promoted to divisional managing director positions on the principle EWMG board.