ABBEY GARAGES (CARDIFF) LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 in the financial statements, which indicates that the company made a net loss of £396,800 and had net current liabilities of £2,992,908 at the balance sheet date. As stated in note 1.2, these events or conditions, along with the other mallers as set forth in note 1.2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

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

Kilsby & Williams LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 in the financial statements, which indicates that the company made a net loss of £396,800 and had net current liabilities of £2,992,908 at the balance sheet date. As stated in note 1.2, these events or conditions, along with the other mallers as set forth in note 1.2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “The continued reduction in the model line-up of Ford passenger vehicles has again limited the number of new vehicles that have been sold from this franchise, which in turn reduces the volume of service vehicles for this brand.”
• “Vehicle cost and a lack of an adequate charging infrastructure continues to be a drag on sales of full electric and hybrid vehicles.”
• “Vehicle sales volumes for the new Omoda and Jaecoo franchises have shown a promising start during the year and this has continued post year end.”
• “At the end of 2025 the Company will cease to sell new Ford vehicles but intends to continue with its service and parts operations for Ford car and commercial vehicles.”
• “The move was successfully completed in October 2025 to combine the service workshops of car and commercial vehicles on to its main operating site at 281 Penarth Road, Cardiff.”
• “The IIiQ fast fit operation closed at the end of September as returns were not at a satisfactory level.”
• “Heads of Terms were agreed on both surplus properties in November 2025.”
• “The strategic franchise partnership with the Chery Group to sell vehicles from its Omoda and Jaccoo brands has continued to develop, with vehicles starting to arrive in September 2024 and January 2025.”
• “The company will exit the new Ford vehicle motor dealer franchise at the end of 2025.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -18.4%

  £35,896,191 → £29,276,203

  lowest in 5 filed years

• Cash

  -22.6%

  £12,336 → £9,551

  lowest in 5 filed years

• Net assets

  -46%

  £862,334 → £465,534

  lowest in 5 filed years

• Employees

  -1.1%

  92 → 91

  lowest in 5 filed years

• Operating profit

  -175.3%

  £311,556 → -£234,676

• Profit before tax

  -417.1%

  £156,790 → -£497,220

• Wages

  +2.9%

  £2,847,425 → £2,930,455

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