Partridge of Hampshire turned in a solid performance in 2025 as it expanded with Chinese brand Changan,
Costs associated with the Changan gambit and the switch to agency with MINI saw profitability fall 15% to £4.3m on turnover down 7.7% to £232.8m.
The group now represents Changan in Southampton and Guildford.
Director Toby Partridge said the results showed another year of strong turnover and profitability across the business in the face of “continuing macroeconomic pressures” and industry headwinds.
In results filed at Companies House he said: “The company improved its gross margin, in spite of these economic factors, from 9.1% to 10.0%.
“Used car turnover increased year-on-year by 19.8%, Aftersales turnover grew by 4.3%, with the overall reduction primarily due to the MINI agency model effective from 1 March 2025.
“Significant investment in broadening and developing new Sales channels, together with costs associated with onboarding additional brands, resulted in lower profit for the year but strengthens our strong foundations for future growth.
“The MINI agency model was successfully and seamlessly introduced in March 2025. We continue to assign dedicated resource to prepare for the implementation of the agency model for BMW products.
