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Turnover at one of the largest JCB sole franchises in the world, which is headquartered in Leicestershire, has smashed through the £100m barrier, according to new results.

Hajco 199, which trades as Watling JCB, has reported a turnover of £119m for the year to 31 December 2017, up from £90.7m in the prior 12 months.

Pre-tax profit also more than doubled, rising from £2m to £4.2m over the same period.

The company, which is headquartered in Whetstone, also has sites in Kidlington near Oxford, Leighton Buzzard in Bedfordshire, Peterborough and Wymondham in Norfolk.

A statement signed off by the board said: “A positive year with significant increases in turnover and profitability resulting from long-term strategic planning and improvement.

“Brexit continued to positively influence our competitiveness and opportunities in overseas markets.

“The continued focus on recruitment, training and retention played a significant factor in the results of the company.”

Source: Insider Media

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