MARTIN DUCKWORTH LIMITED

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

“At the reporting date the company had net current assets of £10,725,260 (2023: £10,171,525). The directors have considered cash flow, forecasts and available facilities, together with current trading and are confident that the company will be able to meet its debts as they fall due for the period of at least 12 months after the approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis. 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

• “In late 2024 Duckworth's Market Rasen site become an Approved Used Land Rover retailer, and Duckworth JLR in Boston lost its New Jaguar franchise, as part of a wider restructure of the retailer network by Jaguar Land Rover. These changes took effect from November.”
• “In December Duckworth launched two new Chinese brands from its Select site in Boston: Omoda and Jaecoo, with exciting prospects for 2025.”
• “Following this success, and combined with a restructure of the service department team in 2023, Duckworth Land Rover in Market Rasen has delivered growth of almost 25% in labour sales in 2024.”
• “Jaguar ceased production at the end of 2024 as it undergoes a rebrand by Jaguar Land Rover, and Duckworth purchased and registered 150 of the last I-Pace models available. Sales of these I-Paces have boosted 2025 Q1 sales performance.”
• “Following the year end, the entity's parent company completed a share buyback exercise, followed by a share cancellation. The resulting impact on Martin Duckworth Limited is a post year end change in ultimate controlling party, with Benjamin Duckworth now holding 124,800 of 164,210 issued shares.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -7.3%

  £118,305,925 → £109,671,021

• Cash

  +71.3%

  £2,838,557 → £4,863,057

• Net assets

  +5.4%

  £10,768,489 → £11,346,789

• Employees

  +10.6%

  142 → 157

• Operating profit

  -56.1%

  £3,788,841 → £1,662,863

• Profit before tax

  -64%

  £3,279,153 → £1,181,690

• Wages

  +7.7%

  £4,817,763 → £5,187,852

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