The management group at Japanese Western Motor Group has praised its workforce for delivering a resilient monetary end in 2022 regardless of financial points and shortages of auto provide.

Regardless of a turnover discount from £818 million in 2021 to £810m in 2022, the Japanese Holdings group elevated gross revenue from £99.6m to £10.2m.

Revenue earlier than tax was down from £32m to £24.9m nonetheless, largely as a result of removing of presidency charges aid, common inflationary will increase and the prior yr consequence together with a property revaluation acquire.

“General the administrators are very glad with the group’s efficiency in 2022, contemplating new automobile provide throughout lots of our franchises was adversely affected all year long nonetheless the inventory place improved over the last quarter,” wrote firm secretary Nasser Mohammed within the annual accounts.

Chairman and chief govt Douglas Brown advised AM: “We’re happy that, taking every thing into consideration, we nonetheless managed to realize a ROS of three%.”

After gaining franchises from Toyota GB for Falkirk, Stirling, Perth and Dundee, funding is below method to open a brand new web site in Dundee for Lexus, Toyota and the group’s Automotive Deal Warehouse used automobile grocery store model by November 2023.

Toyota Stirling, working in momentary services at present, in early 2024 might be homed in a brand new seven-car showroom that’s being added to the group’s exisiting web site housing a Western Honda dealership.

And a dealership in Perth has been acquired able to refurbish because the everlasting residence of Perth Toyota.

This comes after expansions in 2022 which included opening a VW Business Automobiles dealership at Newbridge, Edinburgh, and a brand new Mercedes-Benz dealership at Fife

On the finish of 2022  Japanese Western Motor Group joint managing director Peter Collin retired, along with his counterpart Keith Duncan assuming the function of group managing director, with duty for the complete group and its strategic path.

Douglas Brown, the group’s proprietor, turned chairman and chief govt, and three of EWMG’s franchise administrators had been promoted to divisional managing director positions on the principle EWMG board.