SIMON BAILES LIMITED

1. SIMON BAILES LIMITED 1988-03-18 → present
2. CHOCTAN LIMITED 1988-02-09 → 1988-03-18

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

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is fortunate that it has strong cash reserves and investments, together with a strong financial position, and cash flow continues to be monitored on a daily basis. As a consequence, the Directors are confident that the company has sufficient liquidity to continue operations for the foreseeable future.”

Group structure

1. SIMON BAILES LIMITED · parent
   1. Simon Bailes Developments Limited 99.9% · sold services to Simon Bailes Developments Limited

Significant events

• “During 2024, the company experienced an increase in turnover of £36.534m (54.5%) due to vehicle sales. The UK new car registrations for 2024 achieved 1.953 million units which was a market increase of 2.61% and Peugeot's market share increased to 4.5% from 3.3% in 2024.”
• “The Aftersales business (vehicle repairs and parts sales) increased in profitability by 22% compared to 2023. The repair industry continues to operate in a challenging environment.”
• “Working capital levels have been impacted by an increase in liabilities and stock, offset by an increase in debtors. These are all linked to the timing of cash disbursements.”
• “Trading conditions continue to be challenging in 2024 particularly with the uncertainty surrounding the economic conditions in the UK, but the Directors are remaining positive and are working extremely hard with the whole team to ensure that results continue to be maximised.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +54.5%

  £67,082,621 → £103,616,478

• Cash

  +38.7%

  £3,739,711 → £5,188,078

• Net assets

  +13.6%

  £12,061,869 → £13,704,598

• Employees

  +17.8%

  73 → 86

• Operating profit

  -12.9%

  £1,920,497 → £1,672,138

• Profit before tax

  +71.5%

  £1,214,743 → £2,082,785

• Wages

  +5.2%

  £2,677,954 → £2,816,944

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