Reg Vardy plans to increase the number of car dealerships from 43 to 60. It will use £15m of last July’s £27m rights issue. It plans to spend £15m on an expansion plan designed to refurbish its dealerships and open more of its 1.21ha (3 acre) “supersites” for used cars.
Interim pre-tax profits rose 28%, excluding exceptionals, to £7.86m on turnover up 23% to £344.6m.
- Financial Times 10/01/97 page 19
- The Times 10/01/97 page 28 (Tempus)
- The Independent 10/01/97 page 24
