HYLTON GOTT LIMITED

1. HYLTON GOTT LIMITED 2002-12-16 → present
2. H.G.M.G. LIMITED 2002-05-09 → 2002-12-16

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

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the directors' conclusion that they have a reasonable expectation that the Group will have adequate resources to continue in operational existence for the foreseeable future, and the auditors have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “The Profit and loss account shows pre tax profit for the Company of £83k (2023 - £238k) on sales of £17,412k (2023 - £22,642k). The performance of the Company was deemed acceptable by the directors, despite the change year on year.”
• “In line with most businesses interest rates are affecting overall profitability, along with the inflationary pressures on most services and staff salaries.”
• “The UK motor retail industry is influenced by consumer confidence, personal disposable income, availability of credit and interest rate fluctuations. Any downturn is likely to have an adverse impact on profitability.”
• “The board continues to monitor group performance regularly and believes it has the relevant controls in place to react accordingly to a significant adjustment in the economic conditions.”
• “The disruption caused by the worldwide geopolitical environment continues to add levels of uncertainty. The increase in taxes, specifically employers' national insurance, will create a significant cost increase.”
• “Primary concerns relate to inflation and staffing costs. Media reaction and public uptake of Electric Vehicles has added further difficulties.”
• “Our Volvo Franchise partner has been upgrading their corporate image. Volvo in West Norfolk completed this work in 2025 and will relocated to a new location in Kings Lynn around April 2025.”
• “Processes are ongoing to ensure we maintain our used car share of the local market, including stocking and selling more older vehicles than would have been the case in the past. There will be a challenge to retain customers loyal to the old location as well as informing and maximising the opportunity in the new local market.”

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

  -23.1%

  £22,641,809 → £17,412,490

• Cash

  0%

  £341 → £341

• Net assets

  +2.3%

  £3,744,092 → £3,828,959

• Employees

  +5.4%

  37 → 39

• Operating profit

  -37.1%

  £359,319 → £225,931

• Profit before tax

  -65.1%

  £238,223 → £83,135

• Wages

  +10.3%

  £1,137,528 → £1,255,101

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