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Caravan and motor home retailer Discover Leisure has posted a £16.7 million loss but said that the decline in sales of its vehicles was slowing.
Revenues fell from £135.8 million to £84.4 million in the year to August 31, after the closure of 11 branches and a "fundamental decline in sales as consumer confidence fell dramatically".
A major restructuring plan recently saw the group agree a Company Voluntary Agreement (CVA) with its lenders regarding repayment of debts over a certain time period. If the CVA and restructuring had been unsuccessful, the firm faced administration.
The leisure industry retailer said the results for the first two... [Read More]
A new coachbuilt, the Escape 686 from the Swift Group, took overall honours in the tenth Caravan Club Motor Caravan Design and Drive Awards last night (Thursday 14th May
Testing took place at Newark Showground at the end of April; a panel of four driving judges and six design judges evaluated the vehicles for excellence in design, construction and handling characteristics.
The Swift Group picked the perfect time to launch a coachbuilt budget range, in the shape of its new Escape models. Relatively inexpensive it may be, but the Escape 686 is still a top product, with build quality matching the rest of Swift’s ranges. One of the competition judges commented, “The Escape 686 sets the benchmark for budget family... [Read More]