ASDA EXPRESS LIMITED

1. ASDA EXPRESS LIMITED 2024-08-13 → present
2. EURO GARAGES LIMITED 2001-07-04 → 2024-08-13

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ('the going concern period') as the Company has received a letter of support from its parent entity Bellis Finco Plc.”

Group structure

1. ASDA EXPRESS LIMITED · parent
   1. Wolfson Trago Limited 100% · UK · Property Holding Company
   2. Wycliffe Moore Limited 100% · UK · Property Holding Company
   3. Beehive FTG Limited 100% · UK · Dormant Holding Company

Significant events

• “FY24 was an important year for Asda Express (formerly Euro Garages Limited) as the back-end conversion and integration into the wider Bellis Finco PLC Group ("Asda" or "the group") was completed.”
• “Furthermore, in November 2024, we successfully went live with the migration and integration of our systems into Asda's instance of SAP S/4HANA.”
• “The 2024 financial year was an important year for Asda Express, as all of the Asda Express sites finalised their rebranding into Asda Express sites in year and are now fully supported by the wider Asda logistics network, unlocking synergies through the group.”
• “Significant changes to the ranging of our stores has continued in year, to enable a product mix expected from an Asda company. This has included the implementation of Beer, Wine and Spirits licenses within our stores, enhancing the proposition of our Asda branded products through the launch of the Exceptional range and leveraging existing supply agreements within the Asda group to provide better value for our customers.”
• “Subsequent to the year end, the Directors have entered into transactions which will hive the trade and assets of Asda Express Limited into Asda Stores Limited, to further aid in the realisation of acquisition synergies and to help rationalise the Group structure. Asda Express Limited will retain legal ownership of the property estate and proceed trading as a property holding company indefinitely. This change is effective from 1 August 2025.”

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

Filings

19

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

  -9.3%

  £2,779,743,000 → £2,520,879,000

• Cash

  -28.2%

  £38,518,000 → £27,665,000

• Net assets

  +17.5%

  £786,786,000 → £924,454,000

• Employees

  -33.5%

  10,898 → 7,249

• Operating profit

  -74%

  £438,484,000 → £114,217,000

• Profit before tax

  -60.7%

  £334,465,000 → £131,394,000

• Wages

  -30.6%

  £187,069,000 → £129,831,000

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