HARWOODS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.3 to the financial statements which indicates that the Company's bank loan is due for final repayment on 31 March 2026 and there is no legal agreement in place for it to be refinanced. As stated in note 1.3, this event or condition indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

1. HARWOODS LIMITED 1997-08-11 → present
2. HARWOODS GARAGE (PULBOROUGH) LIMITED 1941-08-21 → 1997-08-11

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.3 to the financial statements which indicates that the Company's bank loan is due for final repayment on 31 March 2026 and there is no legal agreement in place for it to be refinanced. As stated in note 1.3, this event or condition indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. HARWOODS LIMITED · parent
   1. Harwoods TPS Limited 100% · UK · Parts agent
   2. Harwoods Direct Limited 100% · UK · Garage proprietors
   3. Maidenbower Business Park Management Limited 27% · UK · Management company

Significant events

• “During 2024, Jaguar Land Rover implemented a restructuring of its UK retail network, including the rationalisation of franchise points and the cessation of new Jaguar vehicle supply. As a result, the company no longer represents Land Rover in Croydon, Edenbridge, and Pulborough, and will in the future, represent Jaguar sales exclusively from its Brighton site.”
• “the Board made the strategic decision to close completely two provincial Land Rover sites (Pulborough and Edenbridge), whilst retaining solely aftersales operations as its Croydon site.”
• “the company opted to terminate its INEOS franchise effective March 2025.”
• “The company's management structure has undergone several changes throughout 2024, including the appointment of a new Chairman and new CEO.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -8.4%

  £625,712,400 → £573,360,271

• Cash

  —

  Not reported

• Net assets

  -12.9%

  £63,613,882 → £55,385,250

• Employees

  -7.3%

  1,078 → 999

• Operating profit

  +63.7%

  -£7,134,419 → -£2,589,396

• Profit before tax

  +30.2%

  -£12,540,759 → -£8,755,324

• Wages

  +1.1%

  £40,411,122 → £40,840,507

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