Cinch Cars saw pre-tax losses reduce 19% to -£100.3m with revenues up 9% to £1.01bn in the 52 weeks to 30 March 2025.
In figures filed at Companies House it said sales during the period were 19% higher year-on-year despite constraints on supply caused by lower new car sales during the pandemic.
During the period the group pushed ahead with its, omnichannel strategy opening retail stores in Northampton, Manchester, Birmingham, Bristol, Derby, Maidstone and Gatwick.
It also opened new handover sites at Corby, Blackbushe, Livingstone and Brighouse.
Visits to the website increased 9% year-on-year despite reduced spend on third party media. It said the Cinch brand is gaining in strength with repeat business now accounting for 10% of sales.
The group introduced delivery charges for home delivery and collection from certain WeBuyAny Car locations while collection from stores and Cinch handover sites remained free.
Following a review of production refurbishment activities cease at one of the three preparation sites in March 2025. There was an average of 7,358 cars listed for sale on the site during the period.
The company’s ultimate controlling party is TDR Capital, registered in the UK.
