THATCHAM RESEARCH

1. THATCHAM RESEARCH 2016-09-01 → present
2. THE MOTOR INSURANCE REPAIR RESEARCH CENTRE 1996-11-12 → 2016-09-01
3. THE MOTOR INSURANCE REPAIR RESEARCH CENTRE LIMITED 1969-12-05 → 1996-11-12

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group has cash resources and has no further requirement for external funding in excess of current facilities. The Directors have a high expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In making their assessment, the Directors have considered the Group's ability to continue to service its members and customers. They continue to believe that the going concern basis of accounting is appropriate in preparing the annual financial statements.”

Group structure

1. THATCHAM RESEARCH · parent
   1. Gamston Aviation Limited 100% · England · Supplier of aviation services
   2. Thatcham Ventures Limited 100% · England · Supplier of data services

Significant events

• “In February 2024, the Company signed a contract with LexisNexis Risk Solutions, which should provide a significant uplift to data/risk rating revenues over the coming years.”
• “During the year turnover increased from £25.9M to £29.5M. The surplus before tax for the year is £0.9M (2023 deficit: £0.2M).”
• “The Consolidated balance sheet is in a net asset position of £5.32M (2023: £2.83M), the increase due to a combination of the surplus for the year, corporation tax credits from 2022 and 2023 and a favourable 2024 defined benefit pension scheme movement.”
• “During 2024 the Company made payments of £0.7M (2023: £0.7M) into that scheme, which was closed for further accrual in 2007.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.8%

  £25,888,000 → £29,453,000

• Cash

  +34.2%

  £11,229,000 → £15,065,000

• Net assets

  +88%

  £2,831,000 → £5,323,000

• Employees

  +4.7%

  253 → 265

• Operating profit

  +410.2%

  -£236,000 → £732,000

• Profit before tax

  +648%

  -£173,000 → £948,000

• Wages

  +16.5%

  £11,809,000 → £13,755,000

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