COVID-19 Update: Temporary Closure of Retail Sites
To protect the health and wellbeing of our teams, our customers and the wider community, the Board of Caffyns (the 'Board') has taken the decision to temporarily close the Company's car showrooms, in line with Government advice, with effect from Tuesday, 24 March 2020. Limited delivery of outstanding orders will be completed by Wednesday, 25 March 2020 where possible.
The Company will operate a skeleton staff structure for Aftersales to provide repair and MOT services to essential workers whilst this remains practicable.
The Company's bankers, manufacturer partners and the Government have been fully supportive and, as a result, the Board is confident that the Company has sufficient financial resources to withstand the impact of this closure beyond June 2020. The Board has put all unnecessary capital expenditure on hold and is taking all possible actions to ensure it can reopen the showrooms quickly once restrictions are removed.
The Company's current financial year ends on 31 March 2020. Trading since its half year results, released on 22 November 2019, until the beginning of March 2020, when the impact of COVID-19 began to be felt, was broadly in line with the Board's expectations. As a registration plate change month, March trading is very important for the Company's full year outurn.
Added: 24 March 2020
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Caffyns plc published this content on 24 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2020 16:22:01 UTC
Caffyns plc is a United Kingdom-based company, which offers deals on new cars and used vehicles. The Company is a car dealer in the southeast of England. It offers a stock of new and used vehicles for sale at 18 locations across Sussex and Kent, including brands, such as Volkswagen, Audi, SEAT, SKODA, Vauxhall, Volvo, MG, LEVC, Lotus, Motorstore, Cupra and Motability. Its businesses include Audi, SEAT, SKODA, Vauxhall, Volvo, and Volkswagen. It provides service to its customers, as well as delivering servicing offers at manufacturer-approved service centers across the southeast. It offers a range of electric and hybrid vehicles. Its service includes service booking, manufacturer servicing, MOT, smart repairs, maintenance, and tires, among others. The Company offers MOTs for Audi, SEAT, SKODA, Vauxhall, Volkswagen, and Volvo models. It offers manufacturer approved tires for Audi, SEAT, SKODA, Vauxhall, Volkswagen, and Volvo.
CAFFYNS PLC 
