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giugno 15, 2017 - Morgan

Morgan Motor Company re-acquires Malvern home with land acquisition deal

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  • Land sold in 2006 is re-acquired securing home of #morgan Motor Company
  • Record trading year sees 14% year-on-year revenue growth
  • Employment at highest level in company history
  • Acquisition includes #morgan Visitor Centre which welcomes 30,000 guests each year
  • Morgan is committed to #malvern, home of the British sportscar for over 108 years

    Continuing the positive momentum in the business, and as part of a long term strategy, #morgan Motor Company has hit yet another milestone in a record year, with the re-acquisition of factory land. At the Geneva Motor Show earlier this year Steve Morris, Managing Director #morgan Motor Company, announced a record trading year with a 14% revenue growth year-on-year. It’s the first of many positive steps planned in a long-term strategy for #morgan Motor Company under the guidance of Morris, the #morgan family and recently appointed Chairman Dominic Riley. In January 2006, the #morgan Motor Company sold the land on which the factory is built to fund product development in a sell and lease-back deal with Stirling Investments, a deal that enabled the company to develop new vehicles and implement new technology. The re-acquisition of the land follows a successful period of business development, and helps to provide stable foundations for Morgan’s future growth plans. After a sustained period of successful trading and consolidation, #morgan Motor Company has now purchased both the Pickersleigh Road site and the #morgan Visitor centre. It’s a clear indication of Morgan’s commitment to its roots in #malvern, which for over 108 years has been the home of the #morgan Sports Car. The inclusion of the #morgan Visitor Centre in the land purchase secures the future of this destination as a popular tourist attraction, which has welcomed over 30,000 visitors a year since the official opening by HRH Princess Anne in 2009.

More information on the press release

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