SYCAMORE (PETERBOROUGH) LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-04-30.

• ⚠

  Material uncertainty over going concern

  Based on the above the directors have formed a judgement at the time of approving the financial statements that there is a reasonable expectation that the Central Garage Group and the company has more than sufficient resources and available facilities to continue in existence for the foreseeable future being a period of at least 12 months from the date of approval of these financial statements. For this reason the directors consider that the adoption of the going concern basis in preparing the financial statements is appropriate. However, given the breach of covenant there is a risk that the bank could take action in respect of the breaches which indicates that there is a material uncertainty related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern.

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Based on the above the directors have formed a judgement at the time of approving the financial statements that there is a reasonable expectation that the Central Garage Group and the company has more than sufficient resources and available facilities to continue in existence for the foreseeable future being a period of at least 12 months from the date of approval of these financial statements. For this reason the directors consider that the adoption of the going concern basis in preparing the financial statements is appropriate. However, given the breach of covenant there is a risk that the bank could take action in respect of the breaches which indicates that there is a material uncertainty related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “During this financial year, rising costs due to inflation including energy prices and wage increases have adversely impacted the gross margin. There was a significant increase in interest costs, the majority of which related to increased stocking charges, partly as a result of higher interest rates but also increased stock levels. The inflationary cost pressures that have impacted results continue to affect the automotive industry as a whole.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.2%

  £75,458,075 → £75,306,064

• Cash

  -83.2%

  £3,281,025 → £551,577

• Net assets

  +6.2%

  £11,965,844 → £12,707,989

• Employees

  +4.1%

  97 → 101

• Operating profit

  -27.4%

  £2,227,273 → £1,615,996

• Profit before tax

  -47.6%

  £1,882,624 → £987,117

• Wages

  -3.4%

  £3,673,443 → £3,549,336

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers