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The Trade Centre Group Passes £20m Profit Following Fifth Store Opening

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The UK’s fastest growing used car retailer, The Trade Centre Group, has reported another year of significant growth in earnings and profit while also becoming the UK’s most trusted car supermarket, according to consumer review website TrustPilot.

In its financial year ending November 2018, the Group’s profits before tax increased 38% to £21 million (£15.2m in 2017) and turnover was up 44% to £257 million (from £178.4m).

The results include the first full-year’s trading at the Trade Centre Group outlet in Wednesbury, its three Welsh sites (Merthyr Tydfil, Neath and Abercynon) and part-year trading at its fifth outlet – the largest used car showroom in Europe – that opened in Coventry in April last year. The past year has also seen an increase in customer satisfaction with Trade Centre’s TrustPilot score up 8% to 9.4/10.

Employing almost 500 staff, The Trade Centre Group is privately owned by Chairman, Mark Bailey.

Mark Bailey said:

“We are naturally delighted with the financial achievements in the year, but we are incredibly proud of the hard work of our teams to create outstanding customer satisfaction: becoming the highest rated UK car supermarket group on TrustPilot is no mean feat!”

The Group expanded its board of directors during the year, appointing Tim Carr as Chief Financial Officer, Mark Sainsbury as Operations Director and, most recently, Nathan Bailey as Director of Vehicle Purchasing.

Chief Executive Officer Andy Coulthurst said:

“We have grown the business rapidly over the last three years and it was critical that we made the right appointments to underpin the next phases of growth.  As we head towards half a billion in turnover, we must maintain our industry-leading KPI’s whilst following our now well-established roll-out blueprint.  We will be making further investments in 2019 to improve our efficiency and service levels, including launching a new in-house dealer management system (DMS).”

The retailer holds a top five ranking with both leading industry media publishers, recently ranking fourth in the Automotive Management ID50 and fifth in the Motor Trader MT 50 published in November 2018.  The Trade Centre Group also ranked at 156 in the 14th annual Sunday Times Grant Thornton Top Track 250, published in October 2018.

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Over the past 6 years, Rachel has been working specifically within the digital marketing space and has worked with some of the country’s top brands. During this time, Rachel was a key attribute to the success of our sister product, Recruitment Buzz, which has firmly established itself as one of the leading publications within the Recruitment sector. Drawing on her knowledge and experience, Rachel has developed a genuine understanding of how content can engage and compel an audience.

Having a passion for travel and culture, Rachel left her hometown of Cardiff to pursue studies and travel and after several years away, Rachel returned to Cardiff and firmly established herself within the development of Business News Wales. Rachel is now responsible for every aspect of web management, marketing and overall production of the Business News Wales brand.

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