Toyota and Lexus business Jemca Car Group reduced its losses in the year to 31 March 2025 with a series of cost cutting measures.
The group delivered a loss of -£297,215 for the period compared to losses of £4.7m in the prior year on turnover down 13.8% to £297.5m.
In accounts filed at Companies House it said the year had operated in “another very challenging environment” due to the ZEV Mandate, pointing out that during the year Toyota only had three BEVs in the period.
The company saw fiscal year new vehicle car retail sales fall by 21% and fleet sales reduced by 25%. It said the retail reduction was mainly caused by the government mandate, which restricted the number of non-ZEV vehicles available for sale.
“Our used car sales of 6,341 represented a 10% decrease year on year as the volume of part exchanges reduced. However, a change in marketing approach resulted in an 8% increase in margin for the year,” it said.
On cost savings it added: “During the year the company’s cost structure was reviewed and significant savings achieved in two key areas, staff costs and advertising costs. This led to cost savings of 11%.
Headcount at the group fell 8.5% to 397 over the period.
