MC 478 LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

“The directors have assessed the appropriateness of preparing the financial statements on a going concern basis. While MC 478 Limited reported a net loss of £4.0m for the year, supported by EBITDA of £2.0m, forecasts indicate a reduced loss in 2025 and a return to modest profitability in 2026. The group maintains strong liquidity, with £8.7m cash, at the time of signing these accounts, and significant unused funding facilities, and has renewed its key banking arrangements. Stress testing of adverse scenarios confirms that even under severe conditions, losses would not exceed those of 2024 and can be absorbed by available resources. Accordingly, the directors conclude that the going concern basis remains appropriate, with no material uncertainties identified.”

Group structure

1. MC 478 LIMITED · parent
   1. Mon Motors Limited 100% · UK · Motor dealer
   2. J.D. Cleverly Limited 100% · UK · Parts agent
   3. Three Salmons Hotel Limited 100% · UK · Hotel operator
   4. Motor Services (Bath) Limited 100% · UK · Dormant
   5. MM (SW) Group Limited 100% · UK · Holding company
   6. MM (SW) Holdings Limited 100% · UK · Holding company
   7. MM (SW) Limited 100% · UK · Motor dealer

Significant events

• “In July 2024, Mon Motors Limited, a subsidiary company, acquired the shares of Heritage Automotive Limited.”

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

Filings

13

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +23.2%

  £343,290,443 → £423,000,046

• Cash

  -99.8%

  £8,152,575 → £19,191

• Net assets

  -10%

  £36,735,048 → £33,044,100

• Employees

  +47.6%

  697 → 1,029

• Operating profit

  -98.1%

  £5,917,654 → £110,512

• Profit before tax

  -201.7%

  £3,895,244 → -£3,961,516

• Wages

  +33.1%

  £22,109,406 → £29,438,658

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