CARCO LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2.2 of the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. CARCO LIMITED 2000-12-29 → present
2. CITY MOTORS (BRISTOL) LIMITED 1990-04-03 → 2000-12-29
3. VELOCITY ONE HUNDRED AND THREE LIMITED 1989-12-29 → 1990-04-03

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

Material uncertainty disclosed

“We draw attention to Note 2.2 of the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. CARCO LIMITED · parent
   1. S J Cook & Sons (Kingswood) Limited
   2. City Motors (Finance) Limited

Significant events

• “On 4th March 2025, the total issued share capital of the company was acquired by Renault Retail Group Limited.”
• “Arrangements were agreed with Stellantis regarding the Group's exit from their franchise agreements with Citroen and Peugeot. The Sales agreements terminated on 31st January and the aftersales agreements terminated on 31st March 2025.”
• “During the period, as part of the de-merger exercise, the property previously held within Carco Limited, was transferred to Rodway Holdings Limited (formerly Carco Group limited) via a dividend in specie at book value.”
• “As at the year end the entity owed £Nil (2023: £1,000,000) to it's former parent company, Rodway Holdings Limited (formerly Carco Group Limited). The balance was written off as part of the demerger exercise.”
• “Following the demerger of Carco Group, which took place during the reporting period, the directors interests in the newly established parent to the trading company, being Project Eagle Holdings Limited, were sold to a 3rd party, thus changing the ultimate ownership of the newly created group.”
• “Subsequent to the balance sheet date, the directors made the decision to hive up the trade and assets of Carco Limited into Renault Retail Group. As a result, the intent of the directors is to liquidate Carco Limited. This transaction is expected to occur within 12 months of the date at which these financial statements were signed.”

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

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +20.1%

  £70,063,973 → £84,136,628

• Cash

  +9.8%

  £3,486,302 → £3,829,102

• Net assets

  -49.3%

  £8,088,582 → £4,098,671

• Employees

  -3.2%

  125 → 121

• Operating profit

  -12.7%

  £1,691,298 → £1,476,357

• Profit before tax

  -8.6%

  £1,380,045 → £1,261,590

• Wages

  +14.2%

  £4,544,523 → £5,190,991

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