Greenhous Group delivered a strong performance in 2024 with pre-tax profits up 16% to £30.6m on turnover ahead 20% to £1.79bn.
Executive chairman Derek Passant said in accounts filed at Companies House that it was “an exceptional performance” from the employees given that dealer groups in general were reporting reduced profits.
But he warned that the motor sector was going to have to work hard to achieve an acceptable return on investment in the future given the increased costs introduced by the government in the Budget.
With the emergence of Chinese manufacturers creating a threat to the established European and Japanese manufacturers we will monitor closely the opportunities that this will create,” he said.
Greenhouse has diversified over the past few years. The principal activities of the group now include the sale and distribution of fleet and retail cars, vans and trucks, the refurbishment of contract hire, rental and fleet vehicles after completion of their contracts, the service and MOT of vehicles and wholesaling of truck, car and van parts.
“Our plan to diversify away from the normal dealer and manufacturer model enabled us to outperform the industry in general, and while our relationships with manufacturers are the core of our business, we will continue to expand the other customer offerings that we have been developing over the last few years which is enabling Greenhous to grow our customer base,” he said.
