Glyn Hopkin profit, turnover up
05 October 2020
Glyn Hopkin has reported a £3.1m profit before tax as turnover increased 5.7% to £453m for the year ended 31 December 2019. The directors said this was particularly impressive given lower supply from its major manufacturer partners Nissan and FCA; this was negated by taking a larger share of the brands’ national sales volumes.
Glyn Hopkin expanded with MG, opening three further sites after the success of its first in 2018, and opened its first Kia retailer in December 2019. It also dualled FCA at Romford with Nissan, Mitsubishi at Chelmsford, and MG at St Albans, Cambridge and Milton Keynes.
A non-board marketing director, Sonia Hobbs, was appointed, which the directors said was a key role given the need to develop a credible e-commerce strategy. Operations director Stuart Hodson also left the group after 26 years.