GLYN HOPKIN LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-24 (in 4mo)
Last made up 2025-09-10
Watchouts
Cash
£5M
+98.1% vs 2023
Net assets
£20M
-22.6% lowest in 6 filed years
Employees
768
-8% vs 2023
Profit before tax
-£7M
-484.3% lowest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- GLYN HOPKIN LIMITED 1992-11-06 → present
- SPEED 3014 LIMITED 1992-10-16 → 1992-11-06
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-01-01 | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £453,053,000 | — | £368,374,000 | — | £451,904,000 | — | £520,692,000 | £560,560,000 | £492,882,000 | |
| Operating profit | — | £2,292,000 | — | £2,759,000 | — | £12,916,000 | — | £6,346,000 | £3,236,000 | -£5,227,000 | |
| Profit before tax | — | £1,122,000 | — | £1,540,000 | — | £12,048,000 | — | £5,452,000 | £1,835,000 | -£7,052,000 | |
| Net profit | — | £751,000 | — | £1,167,000 | — | £9,530,000 | — | £4,329,000 | £1,179,000 | -£5,852,000 | |
| Cash | — | £3,112,000 | — | £10,521,000 | — | £5,283,000 | — | £3,837,000 | £2,504,000 | £4,960,000 | |
| Total assets less current liabilities | — | £23,815,000 | — | £25,087,000 | — | £26,332,000 | — | £30,710,000 | £26,432,000 | £20,044,000 | |
| Net assets | — | £23,691,000 | — | £24,858,000 | — | £25,988,000 | — | £30,317,000 | £25,896,000 | £20,044,000 | |
| Equity | £22,940,000 | £23,691,000 | £23,691,000 | £24,858,000 | £24,858,000 | £25,988,000 | £25,988,000 | £30,317,000 | £25,896,000 | £20,044,000 | |
| Average employees | — | 767 | — | 752 | — | 724 | — | 820 | 835 | 768 | |
| Wages | — | £28,935,000 | — | £29,275,000 | — | £29,814,000 | — | £33,147,000 | £35,758,000 | £29,519,000 |
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 | 2019-01-01 | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 0.5% | — | 0.7% | — | 2.9% | — | 1.2% | 0.6% | -1.1% | |
| Net margin | — | 0.2% | — | 0.3% | — | 2.1% | — | 0.8% | 0.2% | -1.2% | |
| Return on capital employed | — | 9.6% | — | 11.0% | — | 49.1% | — | 20.7% | 12.2% | -26.1% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.15x | 1.09x | |
| Interest cover | — | 1.96x | — | 2.26x | — | 14.88x | — | 7.10x | 2.31x | -2.86x |
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
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the Directors have concluded that the business remains a going concern for the foreseeable future.”
Significant events
- “The Company has now been operating for over 31 years. As a privately owned dealer group, prior to becoming an Employee Ownership Trust (EOT) in May 2024, this achievement is widely recognised as extremely rare in the industry and worthy of note.”
- “The Company's pre tax loss for 2024 was £7.05m compared to a pre-tax profit for 2023 £1.84m, and a £5.36m loss (2023: a £4.05m profit) on a consolidated group basis. This was the Company's first loss in its 30+ years history.”
- “The correct decision to exit the loss-making Fiat franchises in 2023 has led to a number of facilities yet to be re-franchised and the need for residual stock clearance.”
- “The Group has now exited Renault at end May 2025 when all UK contracts nationwide come up for renewal.”
- “The Group also invested a cumulative £4m on new corporate identity for many of its Nissan dealerships.”
- “In light of the economic climate, the Board proactively took the decision to sell the St Albans investment property to a private investor. The sale completed in June 2025 for £5m with the net sale proceeds reducing the borrowings with Barclays.”
- “A major event was the sale of Glyn Hopkin Holdings Limited to an Employee Ownership Trust (EOT) on May 16th 2024.”
- “As a result of carrying out the EOT the senior management team has been strengthened with various appointments at FD and COO level.”
- “The property portfolio has been carefully analysed with the decision to dispose of a freehold in St Albans where the business is operated by Tesla, and not by the Group.”
- “A number of leasehold properties vacated by Fiat will be filled with the incoming Chinese brands already mentioned.”
- “The Group will also exit the loss making Renault / Dacia dealerships sales operations and carefully examine its portfolio of Nissan dealerships.”
- “On a positive note, the Company is in advanced discussions with a number of Chinese manufacturers, notably BYD, Chery and Geely who are new entrants to the UK market. These discussions will come to fruition in H2 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COHEN, Fraser | Director | 2026-04-28 | Dec 1969 | British |
| CREASEY, Wayne Lawrence | Director | 2022-10-01 | Sep 1965 | British |
| CULLIP, Paul Anthony | Director | 2026-04-28 | Sep 1987 | British |
| LABA, Hady Habib | Director | 2025-11-03 | Aug 1970 | British |
| QUY, Dean David | Director | 2016-07-01 | Oct 1976 | British |
| SOZZI, Paul Dominic | Director | 1996-11-01 | Nov 1962 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LABA, Hady Habib | Secretary | 2003-03-31 | 2017-01-16 |
| SALIDA, Michael Anthony | Secretary | 2017-01-16 | 2022-09-30 |
| SOMANI, Zahir Haidarali | Secretary | 1992-10-28 | 2003-03-31 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1992-10-16 | 1992-10-28 |
| BENSTEAD, Neal David | Director | 2002-04-02 | 2009-08-03 |
| BEVERIDGE, Jonathan Robert | Director | 2003-03-31 | 2025-03-31 |
| BIRCH, Kenneth Francis | Director | 2011-02-01 | 2018-08-14 |
| CHOWDHURY, Shabir | Director | 2025-04-01 | 2026-04-28 |
| CHOWDHURY, Shabir | Director | 2019-11-01 | 2024-05-16 |
| COHEN, Fraser | Director | 1995-08-01 | 2025-03-31 |
| DONNELLY, Gary Danny | Director | 2009-08-04 | 2017-07-12 |
| GERMAIN, Sally Anne | Director | 2017-01-16 | 2024-05-16 |
| GODDARD, Mark | Director | 2019-11-01 | 2024-01-31 |
| HODSON, Stuart James | Director | 2009-08-04 | 2020-02-01 |
| HOPKIN, David Anthony | Director | 2014-04-01 | 2022-08-31 |
| HOPKIN, Glyn Kenneth | Director | 1992-10-28 | 2025-03-31 |
| LABA, Hady Habib | Director | 2003-03-31 | 2025-03-31 |
| MURPHY, Timothy Sean | Director | 2024-09-02 | 2025-06-09 |
| PATEL, Manish | Director | 2025-04-01 | 2025-10-16 |
| SALIDA, Michael Anthony | Director | 2014-11-01 | 2022-09-30 |
| SHULTS, Allan Michael | Director | 2014-04-01 | 2016-12-14 |
| SOMANI, Zahir Haidarali | Director | 1992-10-28 | 2003-03-31 |
| STAPYLTON, Paul James | Director | 2025-04-01 | 2026-04-30 |
| STEMP, Sharon Lesley | Director | 2024-05-01 | 2025-03-31 |
| YIANNI, Panayiotis | Director | 2022-10-01 | 2024-05-16 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1992-10-16 | 1992-10-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glyn Hopkin Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 245 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-01 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
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
-12.1%
£560,560,000 £492,882,000
-
Cash
+98.1%
£2,504,000 £4,960,000
-
Net assets
-22.6%
£25,896,000 £20,044,000
lowest in 6 filed years
-
Employees
-8%
835 768
-
Operating profit
-261.5%
£3,236,000 -£5,227,000
lowest in 6 filed years
-
Profit before tax
-484.3%
£1,835,000 -£7,052,000
lowest in 6 filed years
-
Wages
-17.4%
£35,758,000 £29,519,000
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