The Group accounts for the year to December 2015, disclose that turnover rose by 11 per cent to £437.2m compared to £393.5m in the previous year. Operating profits before amortisation and donations were £12.1m, up from £7.8m in 2014.

Underlying returns on sales, a key motor industry benchmark, was up from 2.0 per cent last year to 2.7 percent. The industry average for the same period was 1.22 per cent.

However, average profit per dealership at Peter Vardy was £1.012m compared to an industry average in 2015 of £197,000.

Peter Vardy has invested heavily in state of the art premises to support internal and manufacturer growth plans over the next five years. During 2015 it invested £6m in Porsche Aberdeen while a new Jaguar Land Rover showroom in the city is scheduled to open next month.

Peter Vardy, CEO, said: “The Group is performing ahead of its 2020 strategy after the first year and has focused its actions on six key objectives: colleague engagement, customer, or guest as defined in our business, satisfaction, developing manufacturer relationships, achieving financial performance targets, evolving digital strategies and giving 10 per cent of profits back to charity.”

Colleague engagement continues to be the Group’s leading key performance indicator with “90 per cent of colleagues proud to work for the Peter Vardy Group and over 80 per cent planning to remain with the Group in three years’ time”.

In June 2016 the Peter Vardy Group distributed share options to its 800 employees as part of its Peter Vardy Partnership Programme.