business briefs
Page 62
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MOBIL
The Mobil Oil Co Ltd, which during 1972 regrouped its retail investment activity in a newly formed retail investment division, is now planning to add several hundred outlets to its UK representation in the next five years. The Heron Corporation Ltd will locate and build outlets to the full Mobil "Pegasus" design, and Mobil will own and operate them.
BRAID GROUP
Tax-paid profit of the Braid Group Ltd for the year ended September 30 1972 amounted to £334,060 11971: £280.810). Operating results from contract hire and leasing were comparable to those &the previous year. Depreciation of vehicles on hire came to £245.370, an increase of £19.361 on 1971. The name of the company operating this business was last November changed to Braid Finance Ltd, and the company's activities now include hire purchase. The bodybuilding subsidiary. Marsden {Coachbuilders) Ltd, produced profits comparable to those of 1971: increasing costs and competition resulted in a lower average profit per unit than that expected for 1972.
LON GTO N TRANSPORT
First-half pm-tax profits of Longton Transport lHoldingsl are up from £232.355 to £295,852: if present trading conditions continue, the board expects the first full year since the company was brought to market to produce at least £500,000.