Marshall Motor Holdings Plc announces trading update

  • Dec 18, 2019 GMT
  • Team Kalkine
 
  • The company has acquired the assets of a portfolio of Volkswagen and SKODA franchises for up to £3 million in cash from Jardine Motor Group UK Limited.
  • Each of the acquired businesses are fully compliant with brand requirements
  • Aggregate revenue for these businesses was £8 million for the year ending 31 December 2018 with loss before tax at £2.8 million
  • On 18th December 2019, the stock of MMH was trading at GBX 150 at GMT 09:05 AM, down 4 points or 2.60% from its previous close.

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