SOLUS (LONDON) LIMITED

1. SOLUS (LONDON) LIMITED 1997-02-18 → present
2. CARSTAR AUTOMOTIVE LIMITED 1995-07-12 → 1997-02-18

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months (to 7 August 2026) from the date of approval of the financial statements.”

Significant events

• “Following the opening of a new repair centre in Newport in 2023, the Company opened new repair centres in Sheffield and Washington (Sunderland). The Company's outdated Luton site was closed and the work moved to a new, larger, repair centre in Dunstable. A significant number of the Company's employees from Luton, together with several of those who previously worked at the Hitchin site which closed in 2023, moved to the new location. The Company also acquired and fitted out a new repair centre in Exeter which opened in March 2025.”
• “Profit before tax increased to £35,297 thousand (2023: £22,654 thousand) and gross profit as a percentage of revenue increased to 52% (2023: 51%). In December 2024 an interim dividend of £15,000 thousand (2023: £15,000 thousand) was declared.”
• “The Company's net assets have increased by £11,430 thousand (2023: increased by £2,358 thousand), primarily reflecting profit for the year after tax less dividend.”
• “Following the opening of a state-of-the-art body shop in Newport South Wales in 2023, Solus opened three further high-specification sites in Dunstable, Sheffield and Washington (Sunderland) in 2024 and began work on a site in Exeter which opened in March 2025.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  +13.3%

  £151,876,000 → £172,106,000

• Cash

  +50.7%

  £31,682,000 → £47,743,000

• Net assets

  +34.4%

  £33,222,000 → £44,652,000

• Employees

  +8.2%

  935 → 1,012

• Operating profit

  +56.5%

  £22,694,000 → £35,508,000

• Profit before tax

  +55.8%

  £22,654,000 → £35,297,000

• Wages

  +14.4%

  £40,631,000 → £46,494,000

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