Managing director Kevin Walter has acquired and turned round six lossmaking Audi dealerships since 2005, as well as opening a new Audi showroom in Colchester. The seven sites, in east London and Essex, sell about 3,500 new and 2,500 used cars each year. Walter bought out founder Melvyn Hodgson in 2006 and now owns the business outright. Sales reached £177.8m in 2010.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyHodgson Automotive
ActivityCar dealer
LocationChelmsford, Essex
Sales £m177.8
Operating profit £m2.2
Main shareholdersKevin Walter (100%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda