PAYNES GARAGES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-14 (in 6mo)
Last made up 2025-10-31
Watchouts
None on the register
Cash
£814K
-51.1% vs 2023
Net assets
£4M
+0.9% vs 2023
Employees
112
+1.8% vs 2023
Profit before tax
£102K
-68.8% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £46,119,439 | £47,988,261 | |
| Operating profit | £614,386 | £468,121 | |
| Profit before tax | £328,396 | £102,486 | |
| Net profit | £250,314 | £80,777 | |
| Cash | £1,664,892 | £814,462 | |
| Total assets less current liabilities | £3,583,918 | £3,573,630 | |
| Net assets | £3,516,170 | £3,548,137 | |
| Equity | £3,516,170 | £3,548,137 | |
| Average employees | 110 | 112 | |
| Wages | £3,896,001 | £3,949,520 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.3% | 1.0% | |
| Net margin | 0.5% | 0.2% | |
| Return on capital employed | 17.1% | 13.1% | |
| Current ratio | 1.38x | 1.44x | |
| Interest cover | 2.15x | 1.28x |
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
- Standalone (parent only)
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the reporting date the company had net current asset of £3,345,336 (2023: £3,211,705). The directors have considered cash flow, forecasts and available facilities, together with current trading and are confident that the company will be able to meet its debts as they fall due for the period of 12 months after the approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern.”
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 |
|---|---|---|---|---|
| CROSON, Mark Peter | Director | 2024-07-01 | Mar 1980 | British |
| DAVEY, John Leslie | Director | 2000-12-01 | Oct 1952 | British |
| GRAINGER, Mark | Director | 1999-01-01 | Jul 1965 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SPALDING, Stuart Oliver | Secretary | — | 2024-07-01 |
| GRAINGER, Kenneth John | Director | — | 2003-02-28 |
| HUNT, Steven | Director | 1999-01-01 | 2000-11-03 |
| PAYNE, Nigel Robert | Director | 1999-01-01 | 2024-12-31 |
| PAYNE, Robert Keith | Director | — | 2000-06-13 |
| SPALDING, Stuart Oliver | Director | — | 2024-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Paynes Garage (Holdings) Limited | Corporate entity | Shares 75–100% | 2016-07-01 | Active |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-28 | AA | accounts | Accounts with accounts type full | |
| 2024-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-13 | AA | accounts | Accounts with accounts type full | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-22 | AA | accounts | Accounts with accounts type full | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-30 | AA | accounts | Accounts with accounts type full | |
| 2021-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-12 | AA | accounts | Accounts with accounts type full | |
| 2021-01-11 | AA | accounts | Accounts with accounts type full | |
| 2020-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-16 | CH01 | officers | Change person director company with change date | |
| 2020-12-16 | CH01 | officers | Change person director company with change date | |
| 2020-12-16 | CH01 | officers | Change person director company with change date | |
| 2019-12-05 | AD01 | address | Change registered office address company with date old address new address |
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
+4.1%
£46,119,439 £47,988,261
-
Cash
-51.1%
£1,664,892 £814,462
-
Net assets
+0.9%
£3,516,170 £3,548,137
-
Employees
+1.8%
110 112
-
Operating profit
-23.8%
£614,386 £468,121
-
Profit before tax
-68.8%
£328,396 £102,486
-
Wages
+1.4%
£3,896,001 £3,949,520
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