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CloudCoCo boss lauds 'significant progress' as pre-tax losses fall

But while the company s trading group EBITDA increased 435 per cent to £364,000, overall revenue fell from £4.43m to £4.14m year-on-year, though this did increase from the £3.54m recorded in the second half of 2020.
I am proud to report another period of significant progress for the group, with execution against all of our company objectives and continued growth in our profitability, with trading EBITDA in the first half up 435% year on year on the prior period, said CEO Mark Halpin.
We have delivered a resilient performance in the period, with notable revenue and total contract value increases on the second half of 2020, despite the continued impact of Covid on the trading environment. ....

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'Greens shoots clearly emerging' - MSP CloudCoCo bounces back in 2020

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Steven Eagell Group expects 'more profit' after reporting 14% pre-tax rise

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Steven Eagell Group has said that it expects to be even ‘more profitable’ in 2020 after reporting a 14% pre tax profits rise in its 2019 annual financial results.
Customer retention measures, growth among its aftersales workforce and the addition of two Lexus and four Toyota dealerships from Vantage Motor Group would all contribute to accelerated performance in the period heavily-impacted by the COVID-19 pandemic, it said.
Accounts for the year ending December 31, 2019, show that the Milton Keynes-based AM100 car retail group grew is turnover by 5%, to £448 million (2018: £426.7m), while achieving profit before tax of £9.8m (2018: £8.6m).
The Steven Eagell group’s EBITDA was calculated by dealer profitability experts ASE Global as being £12.6m, meanwhile. ....

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