Northern Ireland group Donnelly sees profits soar to £5.9m

Northern Ireland group Donnelly sees profits soar to £5.9m

Donnelly Team in Northern Eire turned in a sturdy performance in 2021 with pre tax revenue quadrupling to £5.9m (2020: £1.45m) on turnover up 4.8% to £264.4m.

The final results delivering 2.1% return on revenue, abide by a period of time of considerable improve and uncertainty inside of the automotive marketplace fuelled by economic and provide chain troubles.

Through 2021 the team relocated its Honda franchise to a new goal-created facility on Boucher Road and completed the purchase of the Bangor web site representing Citroen and Motorstore.

Excluding the acquisitions, net financial debt was minimized by about £1.7m throughout the period and the group designs to cut down personal debt by a very similar quantity every single calendar year as part of a 3 yr plan.

Dave Sheeran, running director at Donnelly Team (pictured) said: “Our administrators are exceptionally pleased with the Donnelly Group’s 2021 monetary final results. The considerable profit boost recorded is mostly owing to the robust preparing tactic carried out by the company in response to the coronavirus pandemic.

“We are confident that Donnelly Team and its subsidiaries will go on to display resilience and correctly navigate the troubles facing the automotive market.

The Donnelly Group companions with 16 foremost auto brands such as Honda, Jaguar, Land Rover, Renault, Vauxhall and Volkswagen providing the two new and used automobiles, vans and pickups from its 9 destinations across Northern Ireland.