VIC YOUNG (SOUTH SHIELDS) LIMITED
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Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-11-30
Confirmation statement due
2026-06-03 (in 1mo)
Last made up 2025-05-20
Watchouts
None on the register
Cash
£565K
+35.4% vs 2023
Net assets
£8M
-3.8% vs 2023
Employees
62
-6.1% vs 2023
Profit before tax
-£263K
-299.5% vs 2023
Name history
Renamed 1 time since incorporation
- VIC YOUNG (SOUTH SHIELDS) LIMITED 1988-10-19 → present
- ALPHIN LIMITED 1988-06-24 → 1988-10-19
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-11-30
| Metric | Trend | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|
| Turnover | — | — | £19,896,345 | £19,755,174 | |
| Operating profit | — | — | £43,425 | -£297,075 | |
| Profit before tax | — | — | £131,943 | -£263,226 | |
| Net profit | — | — | £105,028 | -£192,896 | |
| Cash | — | — | £417,715 | £565,489 | |
| Total assets less current liabilities | — | — | £9,064,640 | £8,669,414 | |
| Net assets | — | — | £8,449,566 | £8,124,670 | |
| Equity | — | — | £8,449,566 | £8,124,670 | |
| Average employees | — | — | 66 | 62 | |
| Wages | — | — | £1,775,981 | £1,786,263 |
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 | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|
| Operating margin | — | — | 0.2% | -1.5% | |
| Net margin | — | — | 0.5% | -1.0% | |
| Return on capital employed | — | — | 0.5% | -3.4% | |
| Gearing (liabilities / total assets) | — | — | 28.6% | 18.9% | |
| Current ratio | — | — | 2.60x | 4.00x | |
| Interest cover | — | — | 85.65x | -7.50x |
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
- Charlton & Co
- 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.”
Significant events
- “The company has parted ways with MG and is no longer a main dealer.”
- “The electric vehicle price crash during the year saw the second-hand values of some electric cars fall significantly.”
- “Subsequent to the year end, the company has ceased to be a main dealer for the retail of MG vehicles.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YOUNG, Alicia Rose | Secretary | — | — | British |
| YOUNG, Alicia Rose | Director | — | Feb 1945 | British |
| YOUNG, Victor Wyatt | Director | — | Nov 1945 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Alicia Rose Young | Individual | Shares 25–50%, Voting 25–50% | 2016-05-21 | Active |
| Victor Wyatt Young | Individual | Shares 50–75%, Voting 50–75% | 2016-05-21 | Active |
Filing timeline
Last 20 of 107 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-27 | AA | accounts | Accounts with accounts type full | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-30 | AA | accounts | Accounts with accounts type full | |
| 2024-11-01 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-01 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-07 | AA | accounts | Accounts with accounts type full | |
| 2023-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-02 | AA | accounts | Accounts with accounts type full | |
| 2022-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-04 | AA | accounts | Accounts with accounts type full | |
| 2021-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-04 | AA | accounts | Accounts with accounts type full | |
| 2020-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-03 | AA | accounts | Accounts with accounts type full | |
| 2019-05-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-08-29 | AA | accounts | Accounts with accounts type full | |
| 2018-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2017-11-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2017-09-05 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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 2024-11-30 vs 2023-11-30
-
Turnover
-0.7%
£19,896,345 £19,755,174
-
Cash
+35.4%
£417,715 £565,489
-
Net assets
-3.8%
£8,449,566 £8,124,670
-
Employees
-6.1%
66 62
-
Operating profit
-784.1%
£43,425 -£297,075
-
Profit before tax
-299.5%
£131,943 -£263,226
-
Wages
+0.6%
£1,775,981 £1,786,263
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