CHIEF VEHICLE RENTALS LIMITED

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

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the projections, the availability of finance lines and the willingness of the managing director to provide funding if required, the company will have sufficient cash and funding lines in place to finance its operations for the foreseeable future, being at least 12 months, and accordingly the financial statements are prepared on a going concern basis.”

Significant events

• “Following the COVID pandemic, demand for rental vehicles soared. Lack of availability of new vehicles led to a shortage in the supply of rental vehicles, in turn creating record rental demand. This year saw the tide turn on this unprecedented situation and rental demand began to return to pre-pandemic demand levels. In line with this turnover reduction, the business focused in on reducing cost of sales, increasing the GP Margin on the prior year, and began a project of reducing the fleet number to better fit the level of demand. This led to vehicles being sold earlier than anticipated when they were purchased and, subsequently, created losses on disposal.”

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

Filings

2

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

  -16.4%

  £13,473,156 → £11,257,594

• Cash

  +18.2%

  £61,288 → £72,436

• Net assets

  -54.2%

  £2,275,374 → £1,041,949

• Employees

  -5.8%

  86 → 81

• Operating profit

  -98.8%

  £2,293,737 → £28,274

• Profit before tax

  -213.6%

  £1,120,159 → -£1,272,988

• Wages

  -4.2%

  £2,341,467 → £2,244,110

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