Carole Nash bullish despite 16% pre-tax tax profits fall
Motorcycle broker Carole Nash saw its pre-tax profits dip 16% to £5.1m for 2012, down on the £5.9m posted for 2011.
The broker's final profit for the year slipped to £3.9m [2011: £4.3m] although its turnover crept up to £26.2m from £25m in 2011.
Altrincham-based Carole Nash praised the near 5% turnover, citing that the number of bikers on UK roads had dropped from an estimated 1.3m to 1.2m.
The broker said this demonstrated the "underlying resilience" of its model and stated that its post-tax profit fall was largely the result of a near £1m cash investment into its newly-established Cherished Car division.
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