MOTOR vehicle dealership Verve has narrowed its losses from £349,000 to £299,000, according to its latest set of accounts.
The document – covering the 12 months to December 28, 2011 – shows turnover dipped from £115.3 million to £92.6m. The company's prior year results covered a 15-month period to December 2010.
In the latest accounts, owner Charlie Adair said the results were satisfactory "considering the turbulent marketplace".
Loading article content
The accounts show its bodyshop in Carluke sold for £1m to a partnership to reduce debt. Overall net debt was steady at £1.4m.
In August last year Verve – once the shirt sponsor of Kilmarnock FC – sold its Rutherglen and Wishaw sites to Arnold Clark. The company still has dealerships in Bathgate, Kilmarnock, Crookedholm and Coatbridge.