THE KINGS FERRY LIMITED

• ⚠

  Material uncertainty over going concern

  The Financial Statements have been prepared on a going concern basis as the Directors have a reasonable expectation that the Group has adequate resources for the foreseeable future and determined that while the use of the going concern basis is appropriate there is a material uncertainty as disclosed below. In the scenario where the Group is disposed of by Mobico Group plc during the twelve month period from the date of approval of these financial statements, whilst the letter of support states Mobico Group's intention to support the Group up until the date of disposal, it is reasonably possible that the disposal will complete within this period. Therefore, this creates a material uncertainty that may cast significant doubt on the ability of the Group to continue as a going concern under this scenario and therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business should the Group be sold within the going concern period. This is because beyond the date of disposal, ongoing support from Mobico Group plc would cease, and the Group would be reliant on the willingness and ability of any buyer to continue to finance the Group going forward.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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 101

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Financial Statements have been prepared on a going concern basis as the Directors have a reasonable expectation that the Group has adequate resources for the foreseeable future and determined that while the use of the going concern basis is appropriate there is a material uncertainty as disclosed below. In the scenario where the Group is disposed of by Mobico Group plc during the twelve month period from the date of approval of these financial statements, whilst the letter of support states Mobico Group's intention to support the Group up until the date of disposal, it is reasonably possible that the disposal will complete within this period. Therefore, this creates a material uncertainty that may cast significant doubt on the ability of the Group to continue as a going concern under this scenario and therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business should the Group be sold within the going concern period. This is because beyond the date of disposal, ongoing support from Mobico Group plc would cease, and the Group would be reliant on the willingness and ability of any buyer to continue to finance the Group going forward.”

Group structure

1. THE KINGS FERRY LIMITED · parent
   1. E. Clarke & Son (Coaches) Limited 1% · United Kingdom
   2. Clarkes Holdco Limited 1% · United Kingdom
   3. Stewarts Coach Group Limited 1% · United Kingdom
   4. Woods Coaches Limited 1% · United Kingdom
   5. Brooke Management Limited 1% · United Kingdom
   6. Woods Reisen Limited 1% · United Kingdom

Significant events

• “In December 2024, Stewarts Coaches was acquired by The Coach Travel Group. This has been recognised as a discontinued operation.”
• “During 2024 Mobico Group have decided to prepare the Group for a potential disposal. This disposal process remains ongoing as of the date of these financial statements but is expected to complete in October 2025.”

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

Filings

20

last 12 months

Capital events

3

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  -13.6%

  £38,966,000 → £33,686,000

• Cash

  +519.7%

  £137,000 → £849,000

• Net assets

  -113.5%

  -£17,564,000 → -£37,495,000

• Employees

  +71.6%

  225 → 386

• Operating profit

  +73.9%

  -£8,001,000 → -£2,090,000

• Profit before tax

  +61.6%

  -£18,675,000 → -£7,179,000

• Wages

  -23.3%

  £19,237,000 → £14,762,000

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