THE SOUTHERN MOTOR GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-22 (in 1mo)
Last made up 2025-06-08
Watchouts
None on the register
Cash
£3M
-19.9% lowest in 3 filed years
Net assets
£7M
+4% highest in 3 filed years
Employees
86
+2.4% highest in 3 filed years
Profit before tax
£345K
-89.3% lowest in 3 filed years
Name history
Renamed 1 time since incorporation
- THE SOUTHERN MOTOR GROUP LIMITED 1989-10-20 → present
- PETER PRICE(WHITGIFT)LIMITED 1967-05-02 → 1989-10-20
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £59,349,458 | £55,510,029 | |
| Operating profit | — | — | — | — | — | £3,391,833 | £688,796 | |
| Profit before tax | — | — | — | — | £3,678,735 | £3,207,518 | £344,512 | |
| Net profit | — | — | — | — | £3,000,660 | £2,447,788 | £258,250 | |
| Cash | — | — | — | — | £4,841,670 | £3,872,522 | £3,102,830 | |
| Total assets less current liabilities | — | — | — | — | £9,114,514 | £9,603,599 | £10,560,964 | |
| Net assets | — | — | — | — | £6,463,087 | £6,410,875 | £6,669,125 | |
| Equity | £4,070,213 | £5,186,211 | — | — | £6,463,087 | £6,410,875 | £6,669,125 | |
| Average employees | — | — | — | — | 83 | 84 | 86 | |
| Wages | — | — | — | — | £3,481,903 | £3,754,357 | £4,999,605 |
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 5.7% | 1.2% | |
| Net margin | — | — | — | — | — | 4.1% | 0.5% | |
| Return on capital employed | — | — | — | — | — | 35.3% | 6.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 72.2% | 70.8% | |
| Current ratio | — | — | — | — | — | 1.31x | 1.43x | |
| Interest cover | — | — | — | — | — | 12.48x | 1.47x |
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
- Gravita Audit II Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- THE SOUTHERN MOTOR GROUP LIMITED · parent
- Whitgift Hire Company Limited 100%
Significant events
- “Sales of new vehicles suffered in the second half of the year due to the run out of the old transporter in preparation for the new model in 2025. This meant a supply shortage on the most popular model in the brand, contributing to a fall of 14% in new unit sales.”
- “The difficulty in purchasing good quality used vehicles led to an increase in preparation costs and a lower profit margin per unit. The market for used vehicles has declined gradually over the last 18 months which has also affected profitability.”
- “The impact of theses issues in vehicle sales led to a fall in turnover by 6% and gross profit by 8%.”
- “The aftersales department performance improved in both turnover and gross profit due to a shift towards more profitable retail work.”
- “The rental operation continues to deliver a strong performance, but the gross profit was significantly impacted by the continual fall in profit on disposal of vehicles in the year as an ageing fleet was refreshed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PRICE, Stephen Paul | Secretary | — | — | British |
| PRICE, Luke Harvey | Director | 2023-05-02 | Oct 1994 | British |
| PRICE, Peter John | Director | 1994-06-30 | Oct 1966 | British |
| PRICE, Rima Louise | Director | 2023-05-02 | May 1997 | British |
| PRICE, Spencer Peter | Director | 2023-05-02 | Nov 1999 | British |
| PRICE, Stephen Paul | Director | 1994-06-30 | Mar 1964 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOUGH, Maurice Clive | Director | 1994-06-30 | 2015-12-31 |
| MARSH, David James | Director | — | 2015-06-30 |
| NYE, Brian | Director | — | 1991-09-20 |
| PRICE, Peter Donald | Director | — | 1995-12-01 |
| PRICE, Shirley Ann | Director | — | 1995-12-01 |
| WALTON, Timothy Thomas | Director | — | 1991-09-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen Paul Price | Individual | Significant influence, significant-influence-or-control-as-firm | 2017-01-01 | Ceased 2017-01-02 |
| S M Group Trading Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-01-01 | Active |
Filing timeline
Last 20 of 187 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CH01 | officers | Change person director company with change date | |
| 2026-03-04 | CH03 | officers | Change person secretary company with change date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-28 | CH01 | officers | Change person director company with change date | |
| 2025-05-28 | CH01 | officers | Change person director company with change date | |
| 2024-08-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-15 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-28 | AA | accounts | Accounts with accounts type full | |
| 2022-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-23 | AA | accounts | Accounts with accounts type full | |
| 2021-12-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-09-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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
-6.5%
£59,349,458 £55,510,029
-
Cash
-19.9%
£3,872,522 £3,102,830
lowest in 3 filed years
-
Net assets
+4%
£6,410,875 £6,669,125
highest in 3 filed years
-
Employees
+2.4%
84 86
highest in 3 filed years
-
Operating profit
-79.7%
£3,391,833 £688,796
-
Profit before tax
-89.3%
£3,207,518 £344,512
lowest in 3 filed years
-
Wages
+33.2%
£3,754,357 £4,999,605
highest in 3 filed years
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