Marshall of Cambridge has welcomed the strong results posted this morning by Marshall Motor Holdings plc, the company’s first results since being floated on the AIM market in April 2015.
In the statement issued to the Stock Market this morning, Marshall Motor Holdings plc has posted sales of £1.23bn, up 13.5% and profits up 21.4% to £15.8m.
Commenting on the results, Robert Marshall, Group Chief Executive of Marshall of Cambridge, said:
“We are delighted with this news from Marshall Motor Holdings and we congratulate the team on the results. We floated our motor business last year specifically to support our ambitious growth plans and they have already made their first major acquisition. We will continue to support and encourage them as they continue to grow and develop the business we started more than 100 years ago in Cambridge.”
Marshall of Cambridge remains the majority shareholder in Marshall Motor Holdings plc, having retained 65% of the shares at the flotation.
Robert Marshall added:
“This news is also good for the rest of Marshall as it underpins our determination to invest in all of our other businesses, including Marshall Aerospace and Defence Group which has recently strengthened its position as a strategic partner for the Ministry of Defence.”