Shropshire and Mid-Wales dealer group JT Hughes delivered a strong performance in the year to May 2022 with profit before tax of £2.04 million compared to £852,000 last time out with turnover up 37% to £86.3 million.
Sales of services rose 8% and parts also rose slightly by 0.3%. It said some sales were expected to decrease, in line with strategic plans to streamline these revenue streams.
The company has grown. In March it opened a new Isuzu franchise at its Newtown site.
We recognize that plans for future business development may be subject to unforeseen future events beyond our control and that economic conditions will continue to provide a challenging environment in which to operate,” said director John Hughes in the results filed at the Company. House.
“But we are confident that with effective forward planning and constant performance review, we will be able to meet this challenge and succeed.”
JT Hughes has outlets in Shrewsbury, Newton and Telford. Currently represents Hyundai, Kia, Honda, Isuzu, SsangYong, Grenadier & X-Bus, according to his LinkedIn listing.
