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Aug 24th, 2023
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Joined: Feb 2011
Posts: 151 Likes: 5
L - Learner Plates On
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L - Learner Plates On
Joined: Feb 2011
Posts: 151 Likes: 5 |
Check out page 36 in the business section of today's Times for a pretty big (and positive) article on MMC, "Brakes off for family firm's electric future". I won't try to précis it, there's time for you to get online or rush out and buy a copy!
1999 4/4 Lowline
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Joined: Feb 2012
Posts: 5,653 Likes: 4
Charter Member
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Charter Member
Joined: Feb 2012
Posts: 5,653 Likes: 4 |
Very positive and worth a read, thanks for posting. Looks like 2016 was a much better year all round.
Last edited by deano; 17/07/17 05:42 PM.
Martin (Deano)
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Joined: Jan 2011
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Charter Member
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Charter Member
Joined: Jan 2011
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I have just read it and it sounds like Charles is back, am I correct in reading this? If so, so much the better however a profit of £700,000.00 on a turnover of £ 30 million, now I'm no business man but that doesn't seem great.
Even their aspirations to go for £35 million on turnover with a profit of £1.3million isn't terrific.
As for the electric cars, best I don't say anything about that !!
Here for a good time not a long time!!
Reg
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Joined: Jul 2011
Posts: 1,948
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Jul 2011
Posts: 1,948 |
I have just read it and it sounds like Charles is back, am I correct in reading this? If so, so much the better however a profit of £700,000.00 on a turnover of £ 30 million, now I'm no business man but that doesn't seem great.
Even their aspirations to go for £35 million on turnover with a profit of £1.3million isn't terrific.
As for the electric cars, best I don't say anything about that !! I'm not sure that margin comparisons with other industry sectors apply. What we have here is a small-volume car manufacturer which is making a profit. That's pretty impressive.
Stuart
"There's no skill substitute like cubic inches."
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Joined: May 2010
Posts: 9,285 Likes: 69
Needs to Get Out More!
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Needs to Get Out More!
Joined: May 2010
Posts: 9,285 Likes: 69 |
Looks like they could teach Lotus a few things!
Plus Four MY23 Furka Rouge
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Joined: Jun 2014
Posts: 11,610 Likes: 43
Wave & smile... It's a Morgan Member of the Inner Circle
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Wave & smile... It's a Morgan Member of the Inner Circle
Joined: Jun 2014
Posts: 11,610 Likes: 43 |
I have just read it and it sounds like Charles is back, am I correct in reading this? If so, so much the better however a profit of £700,000.00 on a turnover of £ 30 million, now I'm no business man but that doesn't seem great.
Even their aspirations to go for £35 million on turnover with a profit of £1.3million isn't terrific.
As for the electric cars, best I don't say anything about that !! I'm not sure that margin comparisons with other industry sectors apply. What we have here is a small-volume car manufacturer which is making a profit. That's pretty impressive. I agree Any profit is impressive for MMC
2008 XXVII Platform, Bugatti Blue Roadster 4 Seater
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Joined: Mar 2010
Posts: 3,581 Likes: 85
Moderate or good, occasionally poor Talk Morgan Addict
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Moderate or good, occasionally poor Talk Morgan Addict
Joined: Mar 2010
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I have just read it and it sounds like Charles is back, am I correct in reading this?
2011 Morgan 4/4
1932 Austin 7 Chummy
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Joined: Apr 2014
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Talk Morgan Addict
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Talk Morgan Addict
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Is that profit after buying back the site?
Mark - No Longer driving Archie the Old English Sheep Mog........... 2010 Roadster 3.0 V6 (S3) 
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Joined: Dec 2008
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Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
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I would doubt that. The way things like this are often done is with a loan over a long period. The P&L and balance sheet will show the detail.
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: Jan 2011
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Charter Member
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[ quote=Ian Wegg] I have just read it and it sounds like Charles is back, am I correct in reading this? [/quote] Thanks for that Ian, I think that is great news. As to the financial aspect, I said I was no businessman and the article proves it. Morgan  are claiming their best results for 4 years. "I know nothing" 
Here for a good time not a long time!!
Reg
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