Sere Limited

Principal activities The principal activity of the company during the year continues to be the retail of new and used motor vehicles, servicing and bodyshop services. Business review and future developments The directors consider the results for the financial year and the position of the Company at the financial year end to be satisfactory. The directors are committed to the long term creation of shareholder value by increasing the Company's market share through organic growth. While the incoming year is likely to be very challenging both because of the increase competition and the general economic climate, early results are satisfactory and the directors will closely monitor current performance. Performance and position The profit for the financial year amounted to £563,877 (2023: £303,277) and its net assets are £7,624,514 (2023: £7,060,637). Key performance indicators ("KPIs") The Company's key performance indicators are as follows: