Motorway drives down losses as co-founder steps down – UKTN
One of Britain’s biggest online used car marketplaces has driven down its losses as one of the co-founders stepped down from the board.
The company’s pre-tax loss for 2023 fell by around a quarter to £31.8m down from £43.2m the previous year. Total revenues grew by 48% to £60.9m for the year, according to accounts filed to Companies House. The company grew its headcount by more than 100 over the period to hit 440 staff.
The stellar results stand in marked contrast to online car marketplace Cazoo, a former rival which collapsed into administration earlier this year after seeing its market value plummet from highs of more than $8bn.
CEO Tom Leathes told UKTN Motorway’s differentiated operating model had been key to its success….
Related
Studio Graphene spins out hospitality SaaS platform Telsen
Digital product agency, Studio Graphene has spun out a new SaaS business, Telsen, having invested in creating the technology in-house over the past two year
Renowned rheumatologist brings breakthrough chronic pain & fibromyalgia treatment to…
Dr. Stephanie Barrett, one of Europe’s leading rheumatologists with more than 20 years consultant-grade experience, is pioneering the use of innovativeÂ
Startups That Are Innovating The Basketball Industry – TechRound
For years, basketball has been at the forefront of technology. Everything from advanced player analytics, enhanced training tools, and online streaming
AI policymaking captured by ‘tech bro takeover’, Professor Dame Wendy…
Policymaking on artificial intelligence has been captured by a ‘tech bro takeover’, the former chair of the Ada Lovelace Institute has warned. Professor
