Marshall Gets Back on the Road

The Week: Morningstar columnist Rodney Hobson is encouraged by the turnaround at car dealer Marshall, which is now expected to make a profit this year

Rodney Hobson 16 October, 2020 | 9:11AM

The Week

It’s been some time since car dealer Marshall (MMH) sounded quite so positive but the latest update suggests that this year will actually produce a profit. While £15 million is comparatively modest, we should remember that two months ago chief executive Daksh Gupta was promising no better than breakeven for the full calendar year. 

Strong trading since the reopening of showrooms has enabled Marshall to pay £10.9 million of deferred VAT yet still end up with £31.5 million net cash.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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