BCA Marketplace has said it will report a strong trading performance for 2017, following on from good half-year results.
The company said business had kept the momentum from the interim results in November, resulting in “strong profit growth” and “a net debt position lower than market forecasts”.
Go deeper with GlobalData
“The remarketing businesses have been successful in winning a number of new contracts along with continuing contract renewals,” the company said.
It added: “The UK’s leading buyer of vehicles, webuyanycar.com, continues to succeed and grow as the number one company of choice in its sector for consumers.”
BCA said it also made “good progress” in the growth of integration of its services business.
It said: “Digital products also continue to enjoy strong customer uptake, allowing the business to become a valued and embedded partner with many of its customers, along with driving internal performance.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“With the above stated successes, the board believes the business is on a strong footing as it enters its next financial year and for the future.”
In its interim results in November, BCA reported a 28% year-on-year increase in revenues to £1.1bn and a 21% increase in profits to £40.9m.
Preliminary results for the year to April 1 will be published on June 28.
