HIPPO VEHICLE SOLUTIONS 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

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “2024 has been a challenging year for the business, with a number of headwinds impacting profitability and resulting in a loss for the year.”
• “Within operating profit is an additional stock provision taken after year end of £0.7m. A further £0.7m of provision has been taken in HVS to reflect exceptional provisions against intercompany balances. The combined impact of these exceptional adjustments has negatively impacted profit in the year.”
• “In November, after an uncertain few days following the court rulings, trading has returned to normal with additional disclosures in place to communicate commissions to customers.”
• “In September we implemented a cost saving programme to ensure that in a poor sales month we achieve a breakeven position.”
• “During the 2023/4 financial year, Hippo sold its old Prep Centre for £1.3m, versus the £0.98m valuation and £0.6m allocated to the previous RCF1.”

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

Filings

7

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

  -0.8%

  £143,761,638 → £142,554,804

• Cash

  -14.8%

  £22,388 → £19,084

• Net assets

  -26.5%

  £17,327,048 → £12,737,772

• Employees

  +7.5%

  318 → 342

• Operating profit

  -585.7%

  £691,612 → -£3,359,421

• Profit before tax

  -632.4%

  £663,265 → -£3,531,518

• Wages

  +13.4%

  £10,592,444 → £12,008,968

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