RICHMOND CARS LIMITED

1. RICHMOND CARS LIMITED 1995-04-03 → present
2. METROPOLIS MOTOR GARAGE LIMITED 1995-02-02 → 1995-04-03
3. METROPOLIS ADVERTISING LIMITED 1994-09-28 → 1995-02-02

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

Consolidated group

Auditor

Moore (South) LLP

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 or group'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.”

Group structure

1. RICHMOND CARS LIMITED · parent
   1. Richmond Cars (Fareham) Ltd 100% · Southampton, Hampshire
   2. Richmond Cars (Botley) Ltd 100% · Southampton, Hampshire
   3. Newmans (Southampton) Limited 100% · Southampton, Hampshire

Significant events

• “2024 was a challenging year for automotive retail, with the lowest new retail car market for 25 years, driven by government policy for electric vehicles and a significant reduction in new vehicle profit due to volume pushed through corporate channels.”
• “The year was further impacted by the lack of sales opportunity on regulated financial product following a ruling by the FCA in February.”
• “The group continues to monitor cash and cashflows closely, working with banking partners to ensure cash needs for capital expenditure and normal trading working capital.”
• “The sale of the Site in Havant was completed in March 2025 at a significant gain on disposal, with funds used to clear down the mortgage.”
• “The group expanded its reach by adding a new Richmond Hyundai Lymington location in the New Forest, acquiring assets of Everton Garage Ltd.”
• “Planning permission remains in place for the construction of a centralised car preparation and distribution facility in Portsmouth.”

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

  +8.4%

  £245,320,017 → £265,947,655

• Cash

  -99.3%

  £694,820 → £4,655

• Net assets

  +31.2%

  £4,221,110 → £5,538,121

• Employees

  +3.4%

  354 → 366

• Operating profit

  -56.8%

  £1,404,051 → £606,215

• Profit before tax

  -160.3%

  -£548,213 → -£1,426,771

• Wages

  +5.1%

  £11,221,231 → £11,794,576

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