GENERAL MOTORS EUROPE LIMITED

1. GENERAL MOTORS EUROPE LIMITED 2012-12-10 → present
2. GM U.K. NO. 2 LIMITED 2011-03-09 → 2012-12-10

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

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis as, after making appropriate inquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The principal activity of the Company is to act as the sponsoring company for three United Kingdom (UK) pension plans of General Motors Company (GMC).”

Group structure

1. GENERAL MOTORS EUROPE LIMITED · parent
   1. GM Speciality Vehicles UK Limited 100% · UK · Letting on hire of machine tooling, the purchasing of finished vehicles for resale in the UK market, the provision of design and engineering services within General Motors Company ("the Group"), the purchasing of motorsports related equipment for use in a finance lease, and the provision of corporate employee services within the Group
   2. Cadillac Europe GmbH 100% · Zürich · Distribution and the marketing of all kinds of vehicles.

Significant events

• “Liabilities of GM (VACPF) Pension Fund, another pension fund sponsored by the Company, were transferred over to Aviva Insurance Limited ("Aviva") on 14 December 2023 under a Bulk Annuity 'Buy-Out' insurance contract. Following this transfer of liabilities The GM (VACPF) Pension Fund was wound down on 30 June 2024.”
• “The Virgin Media Ltd v NTL Pension Trustees II decision, handed down by the High Court on 16 June 2023 considered the implications of section 37 of the Pension Schemes Act 1993. The court decision is subject to appeal, with the Court of Appeal judgement published on 25 July 2024, upholding the High Court's ruling.”

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +0.6%

  £480,200,000 → £483,300,000

• Employees

  -10%

  10 → 9

• Operating profit

  -1,018.8%

  -£3,200,000 → -£35,800,000

• Profit before tax

  -168.6%

  £18,500,000 → -£12,700,000

• Wages

  -40%

  £500,000 → £300,000

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