Williams battles higher costs with profits down 26% to £10m

Williams battles higher costs with profits down 26% to £10m

North of England based Williams Motor Group battled higher costs and inflationary pressures in 2024 with pre-tax profits down -25.9% to £10m while turnover increased 6.1% to £577.2m. The directors said it was a “strong trading performance” in the face of wage growth pressures and “stubbornly” high interest rates and higher vehicle funding costs. Its performance in 2023 had been its third highest ever. Award winning Williams, which represents BMW…