KAR AUCTION SERVICES INTERNATIONAL LIMITED

1. KAR AUCTION SERVICES INTERNATIONAL LIMITED 2016-10-06 → present
2. ADESA (UK) LIMITED 2013-06-20 → 2016-10-06

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

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company's ultimate parent company, Openlane Inc is not seeking repayment of the amounts currently due to the group, which at 31 December 2024 amounted to £37,458,459, and providing additional financial support during a period of at least 12 months from the date of approval of these financial statements. Openlane Inc has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts due at the balance sheet date, for the period covered by this assessment. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. On the basis of their assessment of the company's financial position and of the enquiries made of the directors of Openlane Inc, the company's directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. A letter of support has been provided by the parent company that confirms this. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. KAR AUCTION SERVICES INTERNATIONAL LIMITED · parent
   1. Openlane Remarketing Limited 100% · England and Wales · sale of used cars and light motor vehicles
   2. CarsArrive GmbH · Germany

Significant events

• “The directors report a turnover of £39,980 which is a decrease of 21% on the 2023 figure of £50,610.”
• “The company's operating loss for the year is £2,143,495 (2023: £1,248,203).”
• “Total net liabilities increased from £35,348,342 to net liabilities of £37,491,837.”
• “Directors recognised a provision against the amounts due from Openlane Remarketing Limited. This has been shown as an exceptional item.”
• “CarsArrive GmbH's officially closed in October 2024”

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

Filings

2

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

  -21%

  £50,610 → £39,980

• Cash

  -100%

  £64,933 → £0

• Net assets

  -6.1%

  -£35,348,342 → -£37,491,837

• Employees

  0%

  2 → 2

• Operating profit

  -71.7%

  -£1,248,804 → -£2,144,241

• Profit before tax

  -71.7%

  -£1,248,203 → -£2,143,495

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