FERRARIS PISTON SERVICE LIMITED

1. FERRARIS PISTON SERVICE LIMITED 2001-04-05 → present
2. SHOPMOTOR LIMITED 2001-01-26 → 2001-04-05

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Directors consider it appropriate to continue to adopt the going concern basis in preparing the Company financial statements. In doing so the Directors have considered the following: The cash position of the Company and its fellow UK Group Companies The strong cash flow performance of the Company and UK Group through the year The continued demand for the Group's products The resilience and flexibility demonstrated by the Company during previous periods of disruption including the Covid Pandemic and The historical resilience of the independent automotive aftermarket in times of economic downturn; The ability of the Group to flex its cost base in response to a reduction in trading activity. The UK Group manages liquidity and cash across all entities so each is able to fund and be funded by their fellow UK subsidiary entities. The Directors have also considered the UK Group's strong liquidity position with cash and cash equivalents of £80m as at 31 December 2024 and committed undrawn facilities of £150m under a Revolving Credit Facility ("RCF"). The Directors have reviewed cash flow forecasts for the UK Group extending to December 2026. These forecasts were subjected to sensitivities including a reduction in revenue and increase in working capital beyond those seen at any point in the last ten year cycle. This assessment was considered a reasonable worst-case scenario in which the UK Group's principal risks manifest to a severe but plausible level. Even under the most severe case, the UK Group would have sufficient liquidity to continue to meet all its liabilities as they fall due. The Directors have a reasonable expectation that the Company and the Group have adequate resources to continue to operate and meet liabilities as they fall due for the foreseeable future, a period considered to be at least twelve months from the date of these financial statements and therefore the going concern basis of preparation continues to be appropriate.”

Group structure

1. FERRARIS PISTON SERVICE LIMITED · parent
   1. Tayna Group Limited 100% · England and Wales · Holding company
   2. Tayna Limited 100% · England and Wales · Online retailer of batteries and related consumables
   3. Automotion Factors Limited 100% · England and Wales · Online retailer of auto components and accessories

Significant events

• “On 1 January 2024, the trade and assets of Platinum International Limited, a fellow subsidiary undertaking, were transferred to the Company.”
• “On 5 February 2024, the Company acquired 100% of the issued share capital of Automotion Factors Limited, an e-commerce platform for automotive components and accessories, for cash consideration of £20.6 million.”
• “In December 2024, the Company paid £9.1m to its fellow group undertaking GPC Finance Investment Limited in respect of gross losses surrendered.”
• “The Group executed 8 acquisitions in 2024 (2023:11).”
• “On 1 January 2026, the Company's fellow subsidiary undertaking, Apec Limited, will transfer its trade and certain assets to the Company. Apec Limited will then cease trading.”

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

Filings

6

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

  +38%

  £391,894,000 → £540,853,000

• Cash

  +92.8%

  £19,360,000 → £37,323,000

• Net assets

  -2.9%

  £98,411,000 → £95,563,000

• Employees

  +18.9%

  1,249 → 1,485

• Operating profit

  -15.7%

  £30,472,000 → £25,685,000

• Wages

  +18%

  £34,613,000 → £40,849,000

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