W.J.KING(GARAGES)LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Consolidated group

Auditor

XEINADIN AUDIT LIMITED

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 or the 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

1. W.J.KING(GARAGES)LIMITED · parent
   1. Herwin Canny and Co Limited 100% · UK · Dormant
   2. Clifford and Co (Sidcup) Limited 100% · UK · Dormant
   3. Denbridge (Dartford) Limited 100% · UK · Dormant
   4. Bexley & Sidcup Property Co. Limited 100% · UK · Property rental

Significant events

• “The Directors intend to expand the garage network by acquiring additional sites, which they are actively seeking.”
• “The Company has introduced dual verification across a number of systems and has updated both hardware and software to support a more robust IT operation.”
• “investments made in extensive refurbishments and its people which have increased this year”

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

Filings

2

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

  -9.6%

  £163,263,749 → £147,531,205

• Cash

  -46%

  £7,082,275 → £3,826,313

• Net assets

  +5.2%

  £28,210,462 → £29,679,649

• Employees

  -2.7%

  339 → 330

• Operating profit

  -40.6%

  £2,794,233 → £1,659,468

• Profit before tax

  -35.8%

  £2,895,939 → £1,859,203

• Wages

  +1.1%

  £11,235,028 → £11,355,263

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