We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time
The start point for the best source of fleet information |
Stable and strong residual values enabled Pendragon Contracts, the contract hire and leasing arm of the UK's largest dealer group, to deliver operating profits of £2.8m in the first six months of the year on reduced revenue of £11.6m.
The benign market and tight financial controls allowed the business to significantly grow its operating margin, from 15.2% last year to 24.1% in the current period.
Pendragon grew its fleet by just 300 vehicles in the period and now manages 10,000 vehicles, according to the holding company's latest financial results.
BusinessCar magazine ©2019
Business Car Magazine © 2020 | Business Car is part of NS Media Group.
