GM COACHWORK LIMITED

1. GM COACHWORK LIMITED 2000-09-07 → present
2. SUPPORTDRIVE LIMITED 1998-04-17 → 2000-09-07

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

M J Smith & Co Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on this assessment, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”

Significant events

• “Turnover increased significantly during the year reflecting continued demand within the wheelchair accessible vehicle sector and increased production volumes.”
• “Gross margin reduced compared to the prior year due to continued supply chain cost pressures and competitive pricing conditions.”
• “The company operated in a UK economic environment characterised by moderating inflation, elevated labour costs and higher borrowing rates compared to historic norms.”
• “Supply chain conditions improved relative to prior periods, certain component and base vehicle lead times remained extended.”
• “The company has made and continues to make significant investments in research and development to drive innovation and mitigate supply chain constraints.”
• “The company is currently undertaking research and development to bring new models to the market.”

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

  +26.8%

  £77,524,464 → £98,279,837

• Cash

  -90.1%

  £5,428 → £535

• Net assets

  +9%

  £21,946,601 → £23,918,396

• Employees

  +18.3%

  235 → 278

• Operating profit

  +16.1%

  £7,306,441 → £8,483,527

• Profit before tax

  +16.7%

  £7,688,438 → £8,968,745

• Wages

  +16%

  £10,357,523 → £12,014,916

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