Declining motor sales put the brakes on profits at a Mercedes-Benz truck and van seller.

Sparshatts of Kent, a commercial vehicle dealer, suffered a 14% slide in turnover to £78.3 million last year as it sold less new and used lorries and wagons.

However, bosses said they were “very pleased” with pre-tax profits of £784,000, down 44%, and are “hopeful of further future growth”, according to the firm’s latest accounts filed at Companies House.

Gross profit increased 11% to £11.3 million as its made less low-margin fleet sales, boosting its gross margin to 14.4% compared to 11.2% in 2014.

Operating profit was £1.4 million, down 19%, with its large fall in pre-tax profits down to increased interest on bank loans, stock and finance leases and hire purchase contracts.

The company – which has dealerships in Sittingbourne, Dartford, Ashford and Tonbridge – said it hoped investment in its premises will “maximise profitability” this year.

Its report, signed by directors Andrew Sparshatt and David Jones, said: “Market conditions are on the upturn and the directors hoping to achieve continued growth in 2016.”