EDEN AUTOMOTIVE INVESTMENTS LIMITED

• ⚠

  Material uncertainty over going concern

  The previous funding arrangements were due to expire on 31 January 2025. Since that date, the Group has been operating under rolling funding arrangements while active discussions continue with lenders to finalise a revised funding agreement in line with the needs of the business. The Directors expect these revised arrangements to be agreed, but acknowledge that until a formal agreement is in place there is a risk that the necessary facilities may not be secured. If that were the case, the Group and Company may not have sufficient liquid resources and access to future resources to enable them to cover costs and settle liabilities as they fall due for the next 12 months from the date of approval of these financial statements. Consequently, the Directors have concluded that a material uncertainty exists that may cast significant doubt on the Group's and Company's ability to continue as a going concern for the next 12 months from the date of approval of these financial statements.

1. EDEN AUTOMOTIVE INVESTMENTS LIMITED 2007-12-07 → present
2. BRAMLEY AUTOMOTIVE INVESTMENTS LIMITED 2007-05-23 → 2007-12-07

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

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The previous funding arrangements were due to expire on 31 January 2025. Since that date, the Group has been operating under rolling funding arrangements while active discussions continue with lenders to finalise a revised funding agreement in line with the needs of the business. The Directors expect these revised arrangements to be agreed, but acknowledge that until a formal agreement is in place there is a risk that the necessary facilities may not be secured. If that were the case, the Group and Company may not have sufficient liquid resources and access to future resources to enable them to cover costs and settle liabilities as they fall due for the next 12 months from the date of approval of these financial statements. Consequently, the Directors have concluded that a material uncertainty exists that may cast significant doubt on the Group's and Company's ability to continue as a going concern for the next 12 months from the date of approval of these financial statements.”

Group structure

1. EDEN AUTOMOTIVE INVESTMENTS LIMITED · parent
   1. Eden Automotive Limited 100% · UK · Motor retailer
   2. Eden Motor Retail Limited 100% · UK · Motor retailer
   3. Eden Motor Retail (Wokingham) Limited 100% · UK · Dormant
   4. Razoom IT Ltd 100% · UK · IT support services

Significant events

• “The business reorganisation carried out at the end of 2023, that saw the closure of three loss making dealerships, also encompassed a revised, leaner business structure, which resulted in improved trading margins across the business and reduced central costs.”
• “A net impairment loss of £106k (2023 - loss of £429k) was recognised as a cost against stock during the year due to slow-moving and obsolete stock.”

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

Filings

20

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%

  £327,427,644 → £296,956,481

• Cash

  +41.7%

  £16,501,930 → £23,382,423

• Net assets

  -1.3%

  £11,658,219 → £11,503,821

• Employees

  -10%

  663 → 597

• Operating profit

  +161%

  -£3,938,475 → £2,400,955

• Profit before tax

  +97.7%

  -£6,665,614 → -£154,449

• Wages

  -9.2%

  £23,108,474 → £20,983,589

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