Euro Car Parts posts record £17m profits

ECP wants 98% coverage of the UK

Euro Car Parts has posted record-breaking profits for 2009.

The factor and retailer chain’s pre-tax profits rose to more than £17m in 2009, almost triple the £6.6m figure it reported in 2008.

Sukhpal Singh, ECP chairman, said: “We are delighted to announce these results. However with the profit, we aim to improve our business and provide more services and products to our customers.

“Therefore we have continued to re-invest our cash flow into the building blocks for future growth.”

Last year, ECP added 9 new branches to its network and the company plans to chase further growth in 2010.

It wants to achieve 98% coverage of the UK aftermarket and is currently buildng a new 400k sq ft logistics facility, which is due to open this August.

Published by emmabutcher

Emma has been CAT's editor since January 2008. There isn't much she doesn't know about the aftermarket - and her favourite topic is definitely BER!

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  1. Well done to Mr Singh.

    A true enterpreneur, market changing driver.

    Criticised by many for his glorious success, secretly admired by every independent motor factor.

    Inspirational trend setting revolutionist legend.

    And to think how many thought, you were running a charity by giving stock away.

    Well done and may your success continue !