ALL ELECTRIC GARAGES GROUP PLC

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

UHY Hacker Young (Birmingham) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly they continue to adopt the going concern basis in preparing the accounts.”

Group structure

1. ALL ELECTRIC GARAGES GROUP PLC · parent
   1. Savoy Motors Limited 100% · UK · dormant
   2. HMC Cars Limited 100% · UK · dormant

Significant events

• “Used vehicles has been a success in the group with volume being up 180 units on 2023 (966 vs 786) this represents a 23% increase, gross margin was (£1.8 million vs £1.7 million) this represents a 6% increase.”
• “The Hyundai dealership based in Stourbridge which opened in August 2021, continues to be a successful part of the business delivering a profit of £194k in its third full year of trading.”
• “New vehicle volumes were down 69 in our continuing operations (434 vs 503), the new market was highly competitive with gross margin being down £235k (£818k vs £1,053k).”
• “Omnichannel sales developed during Covid-19 lockdowns are continuing to benefit the company allowing the sales departments to transact 24/7.”
• “New Motorhome supply from Swift improved during 2024, with 57 units delivered (57 vs 20) with the increase supply from all motorhome manufacturers gross margin fell from £7,812 per unit to £5,255 per units.”
• “As the Bank of England attempt to control inflation with interest rates, All Electric's interest servicing on vehicle stock has increased by £80k vs 2023.”

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

  -10.4%

  £47,451,597 → £42,517,876

• Cash

  -13.5%

  £32,826 → £28,397

• Net assets

  -35.5%

  £1,353,324 → £872,309

• Employees

  -3.3%

  90 → 87

• Operating profit

  -287.6%

  £247,028 → -£463,545

  lowest in 3 filed years

• Profit before tax

  -292.5%

  £247,488 → -£476,340

  lowest in 3 filed years

• Wages

  -2.8%

  £2,831,824 → £2,751,182

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers