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".
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.