FLEET FACTORS LIMITED

• ◆

  1 PSC 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

Standalone (parent only)

Auditor

Mullen Stoker Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 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. FLEET FACTORS LIMITED · parent
   1. Tees Valley Components Limited 100% · England and Wales

Significant events

• “Further investment has been made into the company's procurement and logistics operation this includes strategic stock teams on a national basis allowing us to manage stock/inventory demands throughout the business.”
• “The company's IT portfolio continues to grow with further investment in updated hardware, this has assisted the company to remain the market leader in its historic marketplaces and to expand into exciting new markets.”
• “We do now operate a number of fully electric and hybrid vehicles on our fleet with ongoing trials of electric vehicles for our inter-depot delivery runs from our distribution hubs based around the UK with the aim of reducing the level of emissions currently being generated.”

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

6

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

  +4.2%

  £74,776,638 → £77,881,609

• Cash

  +1,035.2%

  £66,094 → £750,324

  highest in 4 filed years

• Net assets

  +12.5%

  £4,849,912 → £5,455,574

• Employees

  +1.4%

  359 → 364

• Operating profit

  +37.3%

  £5,029,365 → £6,903,706

• Profit before tax

  +54.9%

  £4,013,592 → £6,218,324

• Wages

  +12.3%

  £8,559,751 → £9,611,591

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