A car retail group added more than £6m in pre-tax profits in 2020 despite the impact of the Covid-19 pandemic.
Swansway Group, which is headquartered in Crewe, has reported profits of £10.2m for the 12 months to December 31, 2021, up from £4m.
Its turnover dipped from £725.5m to £711.8m over the same period.
The group represents manufacturers including Audi, Honda, Jaguar and Land Rover across 20 sites as well as five Motor Match-branded used vehicle locations.
During the year the group conducted a review of its cost base, resulting in administrative expenses falling by 3.9% and the number of employees going from 1,220 to 1,044.
A statement signed off by the board said: “In accordance with Government requirements, the group was required to enter into Covid-19 pandemic lockdowns on the 24th March 2020 and 5th November 2020 respectively.
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“During these periods, group sites were unable to host sales customers onsite, however for the second lockdown period transactions were conducted and completed virtually on a ‘click and collect’ basis.
“During the second lockdown period aftersales facilities remained open in order to meet demand from ‘essential users’.
“During the initial lockdown a majority of employees were placed on furlough.
“Once the business reopened on 1st June 2020 employees were quickly furloughed in order to meet the high levels of demand within both sales and aftersales.
“Encouragingly, this in turn placed the group in a strong trading position and a quick return to profitability.”