PYE MOTORS,LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-22 (this month)
Last made up 2025-05-08
Watchouts
None on the register
Cash
£3K
-97.9% lowest in 4 filed years
Net assets
£7M
+10% highest in 4 filed years
Employees
124
+3.3% vs 2023
Profit before tax
£562K
-42% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £45,795,649 | £41,996,362 | |
| Operating profit | — | — | — | — | £1,169,289 | £800,861 | |
| Profit before tax | — | — | — | — | £967,631 | £561,707 | |
| Net profit | £348,579 | £563,427 | — | — | £724,740 | £408,063 | |
| Cash | £203,117 | £697,935 | — | — | £155,146 | £3,305 | |
| Total assets less current liabilities | £6,971,365 | — | — | — | £10,740,268 | £10,852,548 | |
| Net assets | £3,501,642 | £3,412,209 | — | — | £6,523,833 | £7,175,646 | |
| Equity | — | — | £5,135,706 | £6,035,284 | £6,523,833 | £7,175,646 | |
| Average employees | 139 | 134 | — | — | 120 | 124 | |
| Wages | £3,103,542 | £2,942,918 | — | — | £3,208,131 | £3,529,959 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 2.6% | 1.9% | |
| Net margin | — | — | — | — | 1.6% | 1.0% | |
| Return on capital employed | — | — | — | — | 10.9% | 7.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | 69.3% | 71.4% | |
| Current ratio | — | — | — | — | -1.26x | -1.19x | |
| Interest cover | — | — | — | — | 5.80x | 3.35x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PYE MOTORS,LIMITED · parent
- Furness Motor Co Limited 100%
- Orlrick Limited 100%
- Pye Motors (Leasing) Limited 96%
- Pye Motors (Morecambe) Limited 100%
- Retail Automotive Alliance Limited 5%
Significant events
- “2024 saw the group diversify with a new franchise partner Omoda and Jaecoo coming on board in small volume q4.”
- “Our Abbey Road site which we bought in 2023 has seen significant investment and we largely rebuilt the building to give us a better operational solution long term with 11 workshop bays and more height to fit commercial vehicles on every ramp. As we write this we are moving in September 2025.”
- “We continue to diversify and our existing IT division goes from strength to strength and we have also worked hard on our Ecommerce division which continues to grow.”
- “We have significant plans in the wings for 2025 our centenary year, including another franchise partner Chery in our existing James Freel site, on boarding and moving into the new premises on Abbey Road for Ford, as well as having a full 12 months with O &J and ecommerce, we feel that 2025 will be another solid year.”
- “The opening of a new showroom environment to accommodate a new, exciting Brand Omoda and Jaecoo- new chinese entrants to the UK. Delivering quality ICE and Ev products with long base warranties, innovation and value, along with significant appetite and an exciting cycle plan of new vehicles, we are extremely excited by this addition and, as we write the commentary, success is building”
- “E-commerce. We have identified a real opportunity to deliver very strong returns selling motor related goods on line and doing this at retail and, importantly, in the B2b sector. Similar to our new franchise partner, we are starting to see traction building quickly.”
- “Our 100 year celebrations will start from mid-March next year and are really excited, proud and humble to be still family-owned and very much focussed on people. Our history is unique and we feel that we can deliver the innovation and forward thinking that's needed to win in the future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORLEY PYE, Helen Joyce | Director | — | Nov 1962 | British |
| PAYNE, Nicholas | Director | — | Dec 1964 | British |
| ROBERTS, Cathryn Jane | Director | 2019-03-01 | May 1960 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORLEY PYE, Helen Joyce | Secretary | 2000-06-20 | 2009-05-27 |
| PEGG, Anthony Richard | Secretary | — | 2000-06-20 |
| PAYNE, Anthony | Director | — | 2018-09-27 |
| PEGG, Anthony Richard | Director | — | 2000-06-20 |
| PYE, David Lomax | Director | — | 2021-09-30 |
| PYE, James Marsland | Director | — | 2022-04-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Helen Joyce Morley-Pye | Individual | Shares 25–50%, Voting 25–50% | 2017-09-30 | Active |
| Mr Nicholas Payne | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 198 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-12-31 MA Memorandum articles
- 2020-12-31 RESOLUTIONS Resolution
- 2020-12-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | CH01 | officers | Change person director company with change date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-08 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group | |
| 2023-06-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type group | |
| 2022-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-29 | AA | accounts | Accounts with accounts type group | |
| 2021-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-31 | MA | incorporation | Memorandum articles | |
| 2020-12-31 | RESOLUTIONS | resolution | Resolution | |
| 2020-12-22 | RESOLUTIONS | resolution | Resolution | |
| 2020-12-21 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-8.3%
£45,795,649 £41,996,362
-
Cash
-97.9%
£155,146 £3,305
lowest in 4 filed years
-
Net assets
+10%
£6,523,833 £7,175,646
highest in 4 filed years
-
Employees
+3.3%
120 124
-
Operating profit
-31.5%
£1,169,289 £800,861
-
Profit before tax
-42%
£967,631 £561,707
-
Wages
+10%
£3,208,131 £3,529,959
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers