Read Motor Group

Established and trusted across the Lincolnshire area, we are a family-run dealership with strong values. Managing Director, Mike Read, owns the Read Motor Group which he established in 2010 after acquiring the Hyundai franchise in Grimsby. After a highly successful first few months, Mike opened a second Hyundai dealership in Lincoln less than a year later to meet high customer demand. Most recently, Mike added Suzuki to the Group, expanding the Group's trademark of exceptional customer service to the Suzuki marque in Grimsby. This is followed by the addition of Read Hyundai Kings Lynn, adding North Norfolk to the family in January 2015. At Read Motor Group, we have always been passionate about genuine motoring knowledge. Mike Read started his own automotive career in the 1980s, gaining experience throughout all aspects of the industry. We invest in our team and their training, and pride ourselves on our fully-qualified Hyundai and Suzuki technicians. We are also committed to offering you the best, most up-to-date and relevant advice.
Type
Private
HQ
Humberston, GB
Founded
2010
Size (employees)
10 (est)-9%
Read Motor Group was founded in 2010 and is headquartered in Humberston, GB

Read Motor Group Office Locations

Read Motor Group has office in Humberston
Humberston, GB

Read Motor Group Metrics

Read Motor Group Summary

Founding Date

2010

Read Motor Group Financials

We estimate that Read Motor Group's revenue is £32.9 m in FY, 2015 which is a 73.7% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

£16.6 m£18.9 m£32.9 m

Revenue growth, %

14.1%73.7%

Cost of sales

£14.4 m£16.5 m£29.2 m

Gross profit

£2.2 m£2.5 m£3.7 m

Gross profit Margin, %

13.5%13.2%11.2%

Operating expense total

£1.5 m£1.9 m£3 m

Read Motor Group Online Presence

Read Motor Group Company Life

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