News blog

Eco City Vehicles

• BY: Andrew Hore |
• POSTED: 25/01/2013 |

Taxi supplier Eco City Vehicles sold 561 vehicles in 2012 and the woes of rival cab supplier Manganese Bronze could prove positive for the company.

ECV has sold more than 2,000 Vito taxis in total and sales grew by 71% last year. Revenues rose by two-fifths to £31.1m but ECV still made a small loss on continuing activities.

Net debt was £800,000 at the end of 2012, following the disposal of a Coventry freehold property for £2m. .

At 2.38p a share, up 0.2p, ECV is valued at £11.1m.

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