DICK LOVETT AUTOMOBILE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-14 (in 2mo)
Last made up 2025-06-30
Watchouts
Cash
£15M
-35.3% vs 2023
Net assets
£59M
-13% vs 2023
Employees
1,000
+3.8% highest in 4 filed years
Profit before tax
£10M
-59.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £822,043,000 | £810,421,000 | |
| Operating profit | — | — | — | — | £26,070,000 | £12,789,000 | |
| Profit before tax | — | — | — | — | £23,970,000 | £9,723,000 | |
| Net profit | — | — | £8,000,000 | £10,500,000 | £18,172,000 | £7,166,000 | |
| Cash | — | — | — | — | £23,117,000 | £14,953,000 | |
| Total assets less current liabilities | £6,000 | £9,828,000 | £9,828,000 | — | £69,210,000 | £61,394,000 | |
| Net assets | — | — | — | — | £67,748,000 | £58,914,000 | |
| Equity | — | £9,828,000 | — | — | £67,748,000 | £58,914,000 | |
| Average employees | — | — | 6 | 6 | 963 | 1,000 | |
| Wages | — | — | £0 | £0 | £32,456,000 | £35,570,000 |
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 3.2% | 1.6% | |
| Net margin | — | — | — | — | 2.2% | 0.9% | |
| Return on capital employed | — | — | — | — | 37.7% | 20.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 65.3% | 68.1% | |
| Current ratio | — | — | — | — | 1.49x | 1.41x | |
| Interest cover | — | — | — | — | 8.54x | 3.45x |
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
- Consolidated group
- Auditor
- Saffery LLP
- 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.”
Group structure
- DICK LOVETT AUTOMOBILE LIMITED · parent
- Dick Lovett (Avon) Limited 100%
- Dick Lovett (Bath) Limited 100%
- Dick Lovett (Bristol) Limited 100%
- Dick Lovett (Hungerford) Limited 100%
- Dick Lovett (Specialist Cars) Limited 100%
- Dick Lovett Limited 100%
- Dick Lovett Sporting Limited 100%
- Dick Lovett Sports Cars Limited 100%
- Dick Lovett (SV) Limited 100%
- Dick Lovett (Swindon) Limited 100%
- PLR Limited 100%
- Spraymaster Limited 100%
Significant events
- “2024 saw turnover reduce slightly from the prior year record, to a turnover of £810 million, while the pre-tax profits of £9.7 million were less than half of the prior year as the sector returned to the more traditional profitability levels of pre Covid.”
- “Net assets reduced in the year to £59 million as a result in a decrease in stock holdings, which allows the business to be more agile and reduces risk.”
- “In 2024 the business has continued to make significant investments including the completion of the new Porsche Newport dealership which was opened in May 2024 to replace the existing Porsche Cardiff location.”
- “Demolition and construction has also started at Porsche Bristol in 2024 with the completion due in late 2025.”
- “BMW Hungerford has been fully refurbished in the year and the demolition of the MINI Hungerford site has occurred to allow a rebuild in 2025.”
- “A new Bristol service centre building was completed in 2024 to allow the redevelopment of Porsche Bristol which started construction in 2024 and will be completed late 2025.”
- “Investment was completed in 2024 to create a bodyshop facility to serve JLR and BMW/MINI.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WINTERBURN, Julian | Secretary | 2018-04-01 | — | — |
| LOVETT, Peter Charles | Director | — | Mar 1950 | British |
| MALONEY, Rebecca Jane | Director | 2021-06-10 | Sep 1979 | British |
| TROTMAN, Russell John | Director | 2021-12-14 | Dec 1965 | British |
| WINTERBURN, Julian | Director | 2018-04-01 | Aug 1969 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MAURICE, Derek John | Secretary | — | 2000-06-30 |
| MOULTON, John Christopher | Secretary | 2000-06-19 | 2018-03-31 |
| CAMPBELL, Lynn Ross | Director | 2021-06-10 | 2025-03-31 |
| DAVIES, Richard James | Director | 2021-12-14 | 2024-04-30 |
| MOULTON, John Christopher | Director | 2000-06-19 | 2018-03-31 |
| WALKINSHAW, Thomas Dobbie Thomson | Director | — | 1994-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Rebecca Jane Maloney | Individual | Shares 75–100%, Voting 75–100% | 2025-11-18 | Active |
| Dick Lovett Companies Limited | Corporate entity | Shares 75–100%, voting-rights-75-to-100-percent-as-firm | 2024-05-10 | Active |
| Mr Peter Charles Lovett | Individual | Shares 75–100% | 2016-04-06 | Ceased 2025-11-18 |
Filing timeline
Last 20 of 154 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-22 | AA | accounts | Accounts with accounts type group | |
| 2025-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-21 | AA | accounts | Accounts with accounts type group | |
| 2024-05-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-19 | AA | accounts | Accounts with accounts type group | |
| 2022-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-24 | AA | accounts | Accounts with accounts type group | |
| 2021-12-17 | CH01 | officers | Change person director company with change date | |
| 2021-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-12 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-1.4%
£822,043,000 £810,421,000
-
Cash
-35.3%
£23,117,000 £14,953,000
-
Net assets
-13%
£67,748,000 £58,914,000
-
Employees
+3.8%
963 1,000
highest in 4 filed years
-
Operating profit
-50.9%
£26,070,000 £12,789,000
-
Profit before tax
-59.4%
£23,970,000 £9,723,000
-
Wages
+9.6%
£32,456,000 £35,570,000
highest in 4 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