Skip navigation

Gloucestershire Business News

'We are starting to realise our potential'

One of the UK's best-known motoring organisations believes it is heading in the right direction after announcing a growth in profits.

The AA posted a 1.6 per cent rise in trading revenues for the year ended January 31, from £925million to £940million.

Profit after tax for the same period from continuing operations was £74million compared with a £1million loss in the previous period.

Roadside revenue grew by 2.5 per cent to £742million, with growth in paid personal members going up from 3.31million to 3.33million.

Executive chairman Bob Mackenzie said: "The transformation is delivering growth in our Roadside Assistance Membership base and of motor insurance policies, reversing long-term historic declines. It has given us a firm platform for sustainable growth.

"We are realising the AA's potential. We are now capable of building on our technologies, brand and positioning in our markets to take advantage of the abundant opportunities that arise from our ability to fulfil a wider set of consumer and business needs.

"We are more than ever convinced of the potential of the AA as we position it as the UK's pre-eminent membership services organisation."

Picture credit: pixabay

Related Articles

Versarien's revenues halve and losses rise Image

Versarien's revenues halve and losses rise

Forest of Dean-based advanced engineering group Versarien saw its revenues halve last year.

Gloucestershire company launches same-day service Image

Gloucestershire company launches same-day service

Gloucester-based Freemans Event Partners has launched a brand-new around-the-clock foodservice logistics offer.

Gloucester business expands at Elmbridge Court Image

Gloucester business expands at Elmbridge Court

Just three offices are now available for rent at Elmbridge Court, following the latest letting.

Cirencester town centre to deliver improved parking Image

Cirencester town centre to deliver improved parking

Better parking and traffic control improvements for Cirencester residents and businesses.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.