Northern Ireland group Donnelly sees profits soar to £5.9m

Donnelly Group in Northern Eire turned in a solid efficiency in 2021 with pre tax earnings quadrupling to £5.9m (2020: £1.45m) on turnover up 4.8% to £264.4m.

The outcomes offering 2.1% return on profits, stick to a time period of substantial alter and uncertainty inside of the automotive field fuelled by economic and supply chain difficulties.

All through 2021 the team relocated its Honda franchise to a new function-developed facility on Boucher Highway and concluded the order of the Bangor site symbolizing Citroen and Motorstore.

Excluding the acquisitions, internet credit card debt was reduced by about £1.7m through the period and the group strategies to lower personal debt by a comparable amount of money every single yr as section of a a few year plan.

Dave Sheeran, controlling director at Donnelly Team (pictured) said: “Our directors are really happy with the Donnelly Group’s 2021 economic results. The considerable gain improve recorded is mostly owing to the robust preparing technique executed by the company in reaction to the coronavirus pandemic.

“We are self-assured that Donnelly Team and its subsidiaries will proceed to display resilience and successfully navigate the challenges dealing with the automotive industry.

The Donnelly Group associates with 16 main auto companies which includes Honda, Jaguar, Land Rover, Renault, Vauxhall and Volkswagen advertising both of those new and utilised automobiles, vans and pickups from its nine locations across Northern Eire.