Monday, June 12, 2006
EMH Expand with Land Rover
European Motor Holdings has acquired the Land Rover dealership of the Hartwell group in St Helens in a £500,000 deal.
The purchase includes a payment for goodwill of £0.4m while the group has also entered into a short term lease of the dealership's existing property from Hartwell.
The dealership showed a profit before tax of £142,000 on a turnover of £15.7m.
Richard Palmer, chief executive of EMH, said: “The location of the new dealership represents a good fit with our existing Land Rover businesses in Chester and Preston and our other businesses in the North West.”
DATED: 12.06.06
FEED: MT
The purchase includes a payment for goodwill of £0.4m while the group has also entered into a short term lease of the dealership's existing property from Hartwell.
The dealership showed a profit before tax of £142,000 on a turnover of £15.7m.
Richard Palmer, chief executive of EMH, said: “The location of the new dealership represents a good fit with our existing Land Rover businesses in Chester and Preston and our other businesses in the North West.”
DATED: 12.06.06
FEED: MT
