NITERRA UK LTD.

1. NITERRA UK LTD. 2023-04-03 → present
2. NGK SPARK PLUGS (UK) LIMITED 2011-06-06 → 2023-04-03
3. N.G.K. SPARK PLUGS (U.K.) LIMITED 1975-05-12 → 2011-06-06

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis. There are no material uncertainties that cast significant doubt upon the companies ability to continue as a going concern. Niterra UK Ltd. meets its day-to-day working capital requirements through its banking facilities and has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis for preparing the financial statements.”

Significant events

• “The ongoing conflicts in Ukraine and Gaza continue to adversely affect the economic climate and supply chains for both the automotive market and Niterra UK Ltd. While initial supply chain disruptions due to Red Sea attacks in the first quarter have since improved, globalization and acquisitions remain prominent in the Aftermarket business, alongside the growing influence of organized online retailers, reshaping the market dynamics.”
• “The new car market experienced growth driven primarily by electric and hybrid vehicles. A robust used car market further contributed to an increasing average age of vehicles on the road, reflecting consumer uncertainty regarding powertrain selection and economic pressures.”
• “To streamline logistics and reduce its carbon footprint, the company transferred its Ford OE business to its European distribution warehouse in Duisburg, aligning with Ford's main European distribution hub in Cologne. This strategic move resulted in a turnover decline for the UK entity during the financial year.”
• “There are no post balance sheet events.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -16.5%

  £82,973,991 → £69,317,510

• Cash

  +13.4%

  £17,649,747 → £20,016,531

• Net assets

  -9.1%

  £30,351,824 → £27,589,939

• Employees

  +5.4%

  74 → 78

• Operating profit

  +73%

  £4,482,936 → £7,755,890

• Profit before tax

  +62%

  £4,823,034 → £7,811,953

• Wages

  +5.7%

  £3,230,458 → £3,413,813

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