GRAYSON AUTOMOTIVE SERVICES LIMITED

• ◆

  5 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Sumer Auditco Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. GRAYSON AUTOMOTIVE SERVICES LIMITED · parent
   1. Grayson Thermal Systems Corp 100% · America
   2. Matco Engineering Limited 80% · England · machining company

Significant events

• “New product development has continued, enabling customers to access highspecification equipment for new buses, enhancing their competitive position. Production facilities have beer upgraded, with a significant transition from diesel cooling systems to battery cooling and thermal management systems for doubledeck buses. This transition is ongoing and is driving higher capacity and improved efficiency across all sites.”
• “Supply chain conditions improved gradually during the year, resulting in increased output and better ontime delivery performance. Workforce skills have advanced significantly to support new product requirements. By 2024-25, turnover had increased by 27%, costreduction targets were achieved, and profitability improved substantially.”
• “Inflation and interest rates are exerting pressure on margins, making annual price increases unavoidable. The company does not have material forward fixed selling prices with customers. While Bank of England interest rates have begun to fall, guidance remains cautious regarding the pace of reductions. With rapid business growth, funding costs remain a significant factor.”

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

Filings

15

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

  +27.3%

  £45,183,975 → £57,523,559

• Cash

  -87.5%

  £336,621 → £42,015

  lowest in 3 filed years

• Net assets

  +15%

  £12,809,851 → £14,733,935

• Employees

  +10.7%

  335 → 371

• Operating profit

  +126%

  £1,805,790 → £4,080,937

• Profit before tax

  +299.8%

  £728,785 → £2,913,768

• Wages

  +20.9%

  £10,353,485 → £12,512,921

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