VODAFONE AUTOMOTIVE UK LIMITED

1. VODAFONE AUTOMOTIVE UK LIMITED 2015-03-31 → present
2. VODAFONE AUTOMOTIVE LIMITED 2015-03-31 → 2015-03-31
3. COBRA UK LIMITED 2008-02-07 → 2015-03-31
4. NAVTRAK LTD. 1999-04-09 → 2008-02-07

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis. At 31 March 2025, the company had cash of £Nil (2024 - £1,477) and net current assets, excluding long term receivables and non-monetary current liabilities (contract liabilities), of £16,247,490 (2024 - £14,841,801). After the reporting end date, the company has continued to fund its working capital requirements out of cash flows generated from operations without the use of intergroup or external borrowing facilities. As a result of the conflict in Russia/Ukraine and the Middle East, increased energy cost and the adverse geopolitical conditions, the UK has seen increased uncertainty and market turmoil albeit there has not been a significant negative impact on the performance of the company due to the long term nature of its trading arrangements with a large number of customers. The directors have prepared cash flows including scenario analysis to model a base case scenario and a severe but plausible downside scenario up until 31 December 2026. Under all scenarios the company is forecast to have sufficient cash to meet its obligations as they fall due. The company participates in a cash pooling arrangement with its intermediate parent, Vodafone Automotive S.p.A.. The amount due from the pool as at 31 March 2025 was £16,742,912 (2024 - £14,534,776). The company relies on access to the pooled funds to meet its liabilities as they fall due. In forming their going concern assessment, the directors have received written confirmation from the directors of the ultimate parent, Vodafone Group plc, that the group has the ability to provide intercompany financing up to the amount receivable by the company from its intermediate parent, to the extent that money is not otherwise available to Vodafone Automotive S.p.A., for the period to 31 December 2026. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “The current conflicts in Ukraine/Russia and the Middle East creates a risk to the company although it is considered low.”
• “Energy price increases, changes to the political landscape, the impact from the war in Ukraine/Russia, and Israel/Gaza have further contributed to a broader inflationary environment, and these inflationary pressures are beginning to impact customer confidence.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +10.6%

  £22,389,651 → £24,772,985

• Cash

  -100%

  £1,477 → £0

• Net assets

  +0.4%

  £5,867,877 → £5,891,353

• Employees

  -7.4%

  68 → 63

• Operating profit

  +19.1%

  £5,046,658 → £6,009,451

• Profit before tax

  +0.3%

  £6,013,016 → £6,032,257

• Wages

  +5%

  £4,367,884 → £4,588,227

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