FORMULA ONE AUTO CENTRES LIMITED
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Next accounts due
2027-04-30 (in 11mo)
Last filed for 2025-07-31
Confirmation statement due
2027-01-12 (in 8mo)
Last made up 2025-12-29
Watchouts
None on the register
Cash
£4M
+27.9% vs 2024
Net assets
£6M
+16.4% highest in 3 filed years
Employees
890
+3.1% highest in 3 filed years
Profit before tax
£3M
+195% vs 2024
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-07-31
| Metric | Trend | 2019-07-31 | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £77,623,053 | — | — | £91,696,158 | £94,083,356 | |
| Operating profit | — | — | £6,563,410 | — | — | £2,242,607 | £4,397,125 | |
| Profit before tax | — | — | £6,265,365 | — | — | £1,124,301 | £3,316,515 | |
| Net profit | — | — | £4,959,774 | — | — | £724,086 | £2,350,091 | |
| Cash | — | — | £9,763,032 | — | — | £2,746,667 | £3,512,972 | |
| Total assets less current liabilities | — | — | £16,114,070 | — | — | £18,703,946 | £17,952,307 | |
| Net assets | — | — | £5,086,587 | — | — | £4,800,503 | £5,588,094 | |
| Equity | £4,992,243 | £5,141,813 | £5,086,587 | £5,661,876 | £5,326,417 | £4,800,503 | £5,588,094 | |
| Average employees | — | — | 761 | — | — | 863 | 890 | |
| Wages | — | — | £23,670,282 | — | — | £31,033,568 | £31,735,798 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-07-31 | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 | 2025-07-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 8.5% | — | — | 2.4% | 4.7% | |
| Net margin | — | — | 6.4% | — | — | 0.8% | 2.5% | |
| Return on capital employed | — | — | 40.7% | — | — | 12.0% | 24.5% | |
| Current ratio | — | — | — | — | — | 0.80x | 0.78x | |
| Interest cover | — | — | 21.86x | — | — | 2.00x | 4.06x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Watson Associates (Audit Services) Ltd
- 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
- FORMULA ONE AUTO CENTRES LIMITED · parent
- Formula Plus Autocentres Limited 100%
- Formula Autocentres Limited 100%
- Protium Holdings Limited 100%
- PJS Automotive Limited 100%
- Autowise Tyre and Autocentres Limited 100%
Significant events
- “During the period, the company opened 2 sites in Burnley and Swansea, increasing the total number of sites to 134. In addition, the company has opened its 135th site, in Birkenhead, since the period closed. The company also sold one investment property during the year. The company re-commenced its expansion strategy in the last year and has a strong pipeline of sites expected to open in the next 12 to 18 months. The company also continues to look for acquisition opportunities.”
- “In the previous period, the company started a refurbishment programme across the estate aimed at ensuring every depot was refurbished, or redecorated, at a minimum every 5 years. This is focusing on those depots in most need of attention, with the aim of improving customer retention. This has continued during the period and is seen as an important ongoing operation.”
- “During the prior year, the company revised its Director Shareholder remuneration strategy. As a result, a bonus of £2.269 million was awarded to the director shareholders in place of a dividend distribution. In 2025 they reverted to a bonus paid via a dividend. The bonus paid during the year was £1.080 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUTCHER, Jonathan Gary | Director | 2005-08-22 | Sep 1966 | British |
| GLENCROSS, Janet | Director | — | Sep 1948 | British |
| GLENCROSS, Leon | Director | 2001-09-01 | Dec 1972 | British |
| GLENCROSS, Philip Stanley | Director | — | Jan 1949 | British |
| HUGHES, Simon Lee | Director | 2020-12-01 | Feb 1976 | British |
| JENNINGS, Simon Alan | Director | 2020-02-01 | Jul 1977 | British |
| KEELEY, Ian | Director | 2020-08-01 | Aug 1979 | British |
| LEE, Keith William | Director | 2020-02-01 | Jul 1974 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GLENCROSS, Janet | Secretary | — | 2023-09-11 |
| BARRETT, Ian | Director | — | 2016-08-01 |
| GLENCROSS, Paul | Director | 1991-05-01 | 2017-12-05 |
| GLENCROSS, Samantha Jane | Director | 2012-08-01 | 2016-07-27 |
| LANT, Steven | Director | 1999-11-15 | 2021-01-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aston Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-02-15 | Active |
| Philip Stanley Glencross | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-12-29 | Ceased 2019-02-15 |
Filing timeline
Last 20 of 287 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-09 | AA | accounts | Accounts with accounts type full | |
| 2026-01-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-18 | CH01 | officers | Change person director company with change date | |
| 2025-12-18 | CH01 | officers | Change person director company with change date | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-25 | AA | accounts | Accounts with accounts type full | |
| 2024-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-01 | AA | accounts | Accounts with accounts type full | |
| 2023-10-24 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2023-09-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-09 | CH01 | officers | Change person director company with change date | |
| 2022-12-19 | CH01 | officers | Change person director company with change date | |
| 2022-12-07 | AA | accounts | Accounts with accounts type full | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-06 | CH01 | officers | Change person director company with change date | |
| 2022-01-06 | CH01 | officers | Change person director company with change date | |
| 2022-01-04 | CH01 | officers | Change person director company with change date | |
| 2022-01-04 | CH01 | officers | Change person director company with change date | |
| 2021-11-12 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-07-31 vs 2024-07-31
-
Turnover
+2.6%
£91,696,158 £94,083,356
highest in 3 filed years
-
Cash
+27.9%
£2,746,667 £3,512,972
-
Net assets
+16.4%
£4,800,503 £5,588,094
highest in 3 filed years
-
Employees
+3.1%
863 890
highest in 3 filed years
-
Operating profit
+96.1%
£2,242,607 £4,397,125
-
Profit before tax
+195%
£1,124,301 £3,316,515
-
Wages
+2.3%
£31,033,568 £31,735,798
highest in 3 filed years
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