Six months on from its reverse takeover of British Car Auctions (owner of webuyanycar.com), newly renamed and relisted BCA Marketplace (BCA) has issued a set of half-year results for the enlarged entity. The statutory results make for a poor comparison, but on a pro-forma basis revenue rose 20.8 per cent to £526m over the nine months ended 4 October 2015. Adjusted cash profit rose 14 per cent to £47.1m and the group's net debt position now sits at £157m - roughly 14 per cent of net assets. Management will pay investors in the new group a maiden dividend worth 2p a share on 18 December 2015.
Included in the results are numbers from recent acquisitions of the SMA Group of Companies (purchased on 1 June 2015) and logistics business BCA Automotive (bought on 25 August 2015).
