having just finalised 2012 year end for a £130M car business and declaring £500K profit PDG Group will fly on inerims/results........ especially if they have pleanty of German Franchises. FILL YA BOOTS...
youre correct but the problem is the insurance companies squeese the repairer so much its hardly worh running a accident repair business. They also take so long to pay up, they do everything possible to avoid paying your invoice so you end up with severe cash flow problems.
The only problem is that we are finding a lot of body shops are going bust at the moment and I don’t know if that insurance companies hammering their margin and also destroying their cash flow or there is a lack of work for them. We really need the accident workshops to be busy so i guess in a macabre kind of way the cold snap that is about the embrace us is a good thing, and hopefully it will last until April.............. but we don’t want snow as people don’t bother driving to work :)
SP remainig at circa 3p which is very encoraging although since the accounting black hole it must have gone up 500% already! this one does seem to move up ad down on very few trades so lets hope it keeps moving north and some good news would really consolidate the SP. I think that in general the motortrade is picking up (I work for a large dealer group and 2012 profits are very encouraging) and in the past ACE HHR etc have always gone hand in hand with the motor trade so heres hoping for a sucessfull 2013.
this is about to pop. there must be news around the corner. I have been looking at level 2 and if only i could understand it i bet it would be teling me fantastick things.