PAYNES GARAGE(HOLDINGS) 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
Cash
£814K
-51.1% vs 2023
Net assets
£6M
+3.7% vs 2023
Employees
112
+1.8% vs 2023
Profit before tax
£351K
-36.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials 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 | £838,961 | £716,819 | |
| Profit before tax | £552,971 | £351,184 | |
| Net profit | £414,904 | £261,919 | |
| Cash | £1,664,892 | £814,462 | |
| Total assets less current liabilities | £5,877,017 | £6,047,277 | |
| Net assets | £5,802,913 | £6,016,022 | |
| Equity | £5,802,913 | £6,016,022 | |
| 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 | 1.8% | 1.5% | |
| Net margin | 0.9% | 0.5% | |
| Return on capital employed | 14.3% | 11.9% | |
| Current ratio | 1.52x | 1.64x | |
| Interest cover | 2.93x | 1.96x |
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
- Consolidated group
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors have considered cash flow, forecasts and available facilities, together with current trading and are confident that the Group will be able to meet its debt 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.”
Group structure
- PAYNES GARAGE(HOLDINGS) LIMITED · parent
- Paynes Garage Limited 100%
- Panes Vehicle Contracts Limited 100%
Significant events
- “There have been no significant events affecting the Group since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CROSON, Mark Peter | Director | 2024-07-01 | Mar 1980 | British |
| DAVEY, John Leslie | Director | 2003-04-11 | Oct 1952 | British |
| GRAINGER, Mark | Director | 2003-04-11 | Jul 1965 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SPALDING, Stuart Oliver | Secretary | — | 2024-07-01 |
| GRAINGER, Kenneth John | Director | — | 2003-04-11 |
| PAYNE, Nigel Robert | Director | 2003-04-11 | 2024-12-31 |
| PAYNE, Robert Keith | Director | — | 2000-07-06 |
| SPALDING, Stuart Oliver | Director | 2003-04-11 | 2024-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stuart Oliver Spalding | Individual | Significant influence | 2016-07-01 | Ceased 2024-08-31 |
Filing timeline
Last 20 of 133 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 group | |
| 2024-12-02 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-01 | AD02 | address | Change sail address company with old address new address | |
| 2024-10-31 | AD03 | address | Move registers to sail company with new address | |
| 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 group | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type group | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-30 | AA | accounts | Accounts with accounts type group | |
| 2021-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-12 | AA | accounts | Accounts with accounts type group | |
| 2021-01-11 | AA | accounts | Accounts with accounts type group | |
| 2020-12-17 | CS01 | confirmation-statement | Confirmation statement with updates |
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
+3.7%
£5,802,913 £6,016,022
-
Employees
+1.8%
110 112
-
Operating profit
-14.6%
£838,961 £716,819
-
Profit before tax
-36.5%
£552,971 £351,184
-
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