Cambria Investments Holdings, the parent of Cambria Automobiles, turned in a strong performance in 2024, with pre-tax profits surging 40.9% to £29.3m on turnover down -8.7% to £562.2m.
It is the groups third year in the private sector since it delisted from the London Stock Exchange in 2021 under CEO Mark Lavery.
Cambria Automobiles now represents 23 manufacturers at 28 locations across the UK.
It is split into three brands: Grange Motors, Invicta Motors and Motorparks.
It recently added the MG brand to its Maidstone dealership, positioning it alongside the existing Mazda franchise in the neighbouring showroom.
Additionally, Invicta has secured an agreement to represent Mazda in Croydon, where it will also be co-located with MG.
The Invicta Omoda and Jaecoo dealerships in Ashford, Bolton, and Ramsgate were refurbished and commenced trading at the end of this financial year.
During the year it refurbished its Grange Motors Aston Martin and Rolls Royce business in Edinburgh, opened a facility in Solihull to represent Grange Aston Martin.
And it added Motorparks used car businesses in Preston and Canterbury to its existing Warrington and Chelmsford outlets.
The company is expanding its RAMP service plan business and SOGO leasing mobility arm. It also has an investment arm headed up by ex-motors analyst Mike Allen.
The results for the year were “significantly enhanced” by the realisation of gains from the investment the group has made in property.
During the year it was hit by a cyber attack which negatively impacted the financial performance in July and August.