MG MOTOR UK LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-31 (in 10mo)
Last made up 2026-03-17
Watchouts
Cash
£9M
+8.6% vs 2023
Net assets
£69M
-23.2% vs 2023
Employees
76
+11.8% vs 2023
Profit before tax
£7M
+645.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- MG MOTOR UK LTD 2009-01-08 → present
- NAC MG UK LIMITED 2006-04-12 → 2009-01-08
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,399,355,000 | £1,309,495,000 | |
| Operating profit | -£2,573,000 | £6,333,000 | |
| Profit before tax | -£1,273,000 | £6,941,000 | |
| Net profit | -£5,910,000 | £3,221,000 | |
| Cash | £8,079,000 | £8,771,000 | |
| Total assets less current liabilities | £285,662,000 | £268,056,000 | |
| Net assets | £89,248,000 | £68,564,000 | |
| Equity | £89,248,000 | £68,564,000 | |
| Average employees | 68 | 76 | |
| Wages | £3,754,000 | £4,283,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -0.2% | 0.5% | |
| Net margin | -0.4% | 0.2% | |
| Return on capital employed | -0.9% | 2.4% | |
| Current ratio | 1.60x | 1.72x | |
| Interest cover | -25.23x | 18.46x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“There have been no material uncertainties identified which would lead to significant doubt MGUK continuing as going concern. After considering the above factors, the directors have a reasonable expectation that MGUK has adequate resources to continue in operational existence for a period of not less than 12 months from the date the financial statements are signed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAO, Xiaomin | Secretary | 2020-12-29 | — | — |
| CUI, Weiguo | Director | 2024-10-24 | Jan 1970 | Chinese |
| WANG, Hao | Director | 2008-12-25 | Nov 1972 | Chinese |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAI, Cheng | Secretary | 2007-07-18 | 2012-11-02 |
| SU, Lian Zhong | Secretary | 2012-11-02 | 2020-12-29 |
| XU, Yan | Secretary | 2006-04-12 | 2007-07-18 |
| CAO, Zongqiang | Director | 2022-10-01 | 2025-12-30 |
| CHEN, Zhixin | Director | 2008-12-25 | 2014-06-30 |
| CUI, Weiguo, Mr. | Director | 2018-03-09 | 2022-09-12 |
| HE, Xiaoqing | Director | 2008-05-08 | 2011-03-07 |
| JI, Guorong | Director | 2006-12-03 | 2008-12-25 |
| JIANG, Jun | Director | 2010-05-10 | 2014-06-30 |
| LIN, Xiao Hu | Director | 2006-04-18 | 2010-01-25 |
| SUN, Yijiong | Director | 2021-03-21 | 2022-09-12 |
| WANG, Hong Biao | Director | 2006-04-12 | 2008-05-08 |
| WANG, Xiaoqiu, Mr. | Director | 2014-06-30 | 2019-09-18 |
| WANG, Yao Ping | Director | 2006-04-18 | 2008-12-25 |
| YANG, Xiaodong | Director | 2021-10-18 | 2022-09-12 |
| YU, De | Director | 2022-09-12 | 2024-10-24 |
| YU, Jingmin, Mr. | Director | 2014-06-30 | 2021-03-21 |
| ZU, Sijie | Director | 2011-03-08 | 2018-03-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Weiguo Cui | Individual | Significant influence | 2024-10-24 | Active |
| Mr De Yu | Individual | Significant influence | 2022-09-12 | Ceased 2024-10-24 |
| Mr Xiaodong Yang | Individual | Significant influence | 2019-09-20 | Ceased 2022-09-12 |
| Mr. Xiaoqiu Wang | Individual | Significant influence | 2016-04-06 | Ceased 2020-04-10 |
Filing timeline
Last 20 of 115 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-17 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-13 | AA | accounts | Accounts with accounts type full | |
| 2023-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-30 | AA | accounts | Accounts with accounts type full | |
| 2022-10-26 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-10-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-26 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-6.4%
£1,399,355,000 £1,309,495,000
-
Cash
+8.6%
£8,079,000 £8,771,000
-
Net assets
-23.2%
£89,248,000 £68,564,000
-
Employees
+11.8%
68 76
-
Operating profit
+346.1%
-£2,573,000 £6,333,000
-
Profit before tax
+645.2%
-£1,273,000 £6,941,000
-
Wages
+14.1%
£3,754,000 £4,283,000
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