CMG LANCASTER LIMITED

1. CMG LANCASTER LIMITED 2015-12-21 → present
2. NAPCO D J COX LIMITED 2015-11-20 → 2015-12-21

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

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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

• “Whilst the financial performance was better than 2023 there was disappointment at the year end with a feeling of significant potential missing from the operation.”
• “Volkswagen as a brand experienced supply shortages for a number of reasons during the year although the biggest contributing factor was the lack of retail demand that was felt especially in the latter half of the year.”
• “Used car volume dropped during the year and this of course is s product of a weaker new market reducing the used car part exchange opportunity.”
• “The after-sales department performed reasonably although Online sales suffered slightly as a new strategy was implemented and this looks to be an excellent plan for 2025.”
• “One interesting no to mention pleasing development is the growth of the SEAT/Cupra after-sales business which provided a solid profit all year as customers from the region appreciate the halo effect of the Volkswagen brand.”
• “Overheads increased by over 10% and this would in isolation be worrying if the directors hadn't taken steps during the year to implement numerous strategies to offset these. Solar PV electricity generation and reduced staff headcount being 2 notable ones.”
• “The Volkswagen brand has plans to refresh multiple models in the range and concentrate on more retail markets. This will undoubtedly benefit the company and a strong 2025 is expected.”

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

Filings

3

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

  +2.8%

  £29,174,241 → £29,992,729

• Cash

  0%

  £1,740 → £1,740

• Net assets

  -6%

  £4,751,129 → £4,465,995

• Employees

  -5.7%

  53 → 50

• Operating profit

  -101.1%

  -£153,543 → -£308,773

• Profit before tax

  -48.1%

  -£255,162 → -£377,900

• Wages

  +1%

  £1,380,844 → £1,395,301

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