Fast Track 100

With each site of this franchised Audi dealer producing sales of about £18m, calculated acquisitions over the past 3 years have contributed to significant growth. This Hertfordshire company acquired one in Hitchin in December 2002 and a second in Chelmsford 13 months later, which has grown sales 71% a year, from £12m in 2001 to £60.3m in 2004. The acquisition of three more Audi centres in Essex this year has further increased sales of new and used cars. Managing director Kevin Walter led a management buy-in of the company in 2003.

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Company details
CompanyHodgson Automotive
ActivityCar dealer
LocationChelmsford, Essex
Annual sales rise over 3 years71.25%
Latest sales £000s60,272

If applicable:

* supplied by company † annualised figure