Higher costs and charges see Harwoods turn in -£12.5m losses for 2023

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Higher costs and charges see Harwoods turn in -£12.5m losses for 2023

Harwoods Ltd went into the red in the year to December 2023 turning in losses of £12.5m on turnover of £625.7m for the period. This was in sharp contrast to profits of £7.8m and turnover of £636.3m in the prior year, according to figures filed this month at Companies House. It said the year had been challenging one for the group and sector with vehicle margins deteriorating due to reduced stock turn, increased costs, and increased stocking charg…