DAVEY AUTOS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 to the financial statements which indicates that an intermediate holding company has entered into preliminary non-binding negotiations for the sale of 100% of the share capital of the entity and as part of this transaction the new potential owner may decide this entity is not required in the new group structure. These events and conditions, along with the other matters explained in note 2, constitute a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

1. DAVEY AUTOS LIMITED 1982-01-06 → present
2. JADEGREEN LIMITED 1981-11-09 → 1982-01-06

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 to the financial statements which indicates that an intermediate holding company has entered into preliminary non-binding negotiations for the sale of 100% of the share capital of the entity and as part of this transaction the new potential owner may decide this entity is not required in the new group structure. These events and conditions, along with the other matters explained in note 2, constitute a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “Post year-end, an intermediate holding company has entered into preliminary non-binding negotiations for the sale of 100% of the share capital of the entity: the potential sale is being pursued but is not yet complete.”

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

  —

  Not reported

• Cash

  -2%

  £2,679 → £2,625

• Net assets

  -56.8%

  -£41,324 → -£64,784

• Employees

  —

  Not reported

• Operating profit

  +11.7%

  -£26,574 → -£23,460

• Profit before tax

  +11.6%

  -£26,550 → -£23,460

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