DAF TRUCKS LIMITED

1. DAF TRUCKS LIMITED 1999-12-09 → present
2. LEYLAND DAF TRUCKS LIMITED 1993-06-09 → 1999-12-09
3. CRESTCLEVER ENTERPRISES LIMITED 1993-05-06 → 1993-06-09

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“DAF Trucks UK Limited (the "Company") continues to be profitable and generates cash. Management have prepared forecasts for FY25 and FY26 which demonstrates that the Company will continue to generate cash and be profitable throughout this period. In view of this the directors have received written confirmation from DAF Trucks NV that they will make funds available to the Company to enable it to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.”

Significant events

• “The UK has announced an end of sale date for non-zero emission HGVs of 26 tonnes GVW and below from 2035 and 2040 for heavier vehicles.”
• “VECTO values have established an EU benchmark for carbon and fuel efficiency which manufacturers will need to better by 15% by 2025. In the EU the reduction targets are set to 45% by 2030, 65% by 2035 and 90% by 2040.”
• “New heavy goods vehicles registered in the EU after May 2029 will need to meet more stringent Euro 7 emissions standards.”
• “Key competitors have recently introduced new models with features and benefits designed to appeal to the market.”
• “New entrants to the market with the introduction of alternative fuelled solutions from both established non-European brands such as BYD and Yutong and emergent companies such as Tesla, Windrose and Volta. Ford could potentially bring their diesel range to the UK.”
• “On July 19, 2016, the European Commission (EC) reached a settlement with DAF Trucks N.V.... Following the decision, civil claims for damages have been filed against PACCAR Inc, DAF Trucks N.V., and several other PACCAR subsidiaries, including DAF Trucks Limited (collectively, the "PACCAR Group").”

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

  -8.6%

  £24,205,000 → £22,122,000

• Cash

  +22.5%

  £129,640,000 → £158,828,000

• Net assets

  +17.9%

  £103,097,000 → £121,561,000

• Employees

  -2.6%

  76 → 74

• Operating profit

  -19%

  £13,145,000 → £10,654,000

• Profit before tax

  -1.5%

  £20,331,000 → £20,019,000

• Wages

  -1.7%

  £6,309,000 → £6,202,000

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