F.P.SMITH HOLDINGS (NEWARK AVENUE) LIMITED

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

MHA

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 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.”

Significant events

• “Against a backdrop of softer retail demand, elevated costs and structural change within the retail motor sector, the Company delivered results ahead of expectations.”
• “The UK retail new car market remained under pressure, with private registrations declining year-on-year even as fleet and Motability channels provided support.”
• “The transition to electric vehicles also shaped trading, as manufacturers adjusted incentives, stocking strategies and distribution models to balance supply with consumer demand in line with the UK's zero-emission vehicle mandate.”
• “In the used market, demand remained resilient, with stable pricing and growth in volumes. While margins came under pressure following continued market correction in residual values, disciplined sourcing and stock management enabled the Company to deliver a strong uplift in overall returns.”
• “Aftersales once again provided a dependable foundation of profitability. Service and parts revenues remained strong, supported by expanding trade parts sales, and retention initiatives such as service plans and extended warranties.”
• “Broader economic conditions continued to weigh on the sector. Persistently high borrowing costs, rising wage bills from National Minimum Wage uplifts, and higher energy and running expenses placed pressure on the cost base. Consumer affordability also remained constrained, with longer ownership cycles leading to greater reliance on used vehicles and aftersales.”

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

Filings

4

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

  +14.6%

  £62,361,548 → £71,486,749

• Cash

  +41.1%

  £566,836 → £799,677

• Net assets

  +25%

  £3,545,150 → £4,430,193

• Employees

  0%

  71 → 71

• Operating profit

  +22.6%

  £974,909 → £1,194,843

• Profit before tax

  +23.2%

  £959,183 → £1,182,173

• Wages

  +6.6%

  £2,617,746 → £2,790,196

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