Scotland business

Car and coach firm increases profits

Coach
Image caption Park's said it had managed to increase its turnover and profits in a "challenging" business environment

The luxury coach and motor trader, Park's of Hamilton, has announced a rise in profits.

The company made a pre-tax profit of £12.2m in the year to end of March compared with £10.5m last year.

Park's said it had achieved the increase "despite difficult trading conditions".

The group, which runs a number of businesses, employs more than 1,000 people.

Park's operates a fleet of luxury coaches as well as selling and servicing private and commercial vehicles.

During the year it bought Douglas Park (Properties) Limited which contributed profit before tax of £880,000.

The company increased turnover in both its Motor Division and its Coach Hiring Operations to a total of £347m.

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