CT AUTOMOTIVE GROUP PLC

1. CT AUTOMOTIVE GROUP PLC 2021-11-24 → present
2. CT AUTOMOTIVE GROUP LIMITED 2016-10-28 → 2021-11-24

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

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed the Group's business activities and the factors likely to affect future performance in light of the current and anticipated trading conditions. In making their assessment the Directors have reviewed the Group's latest budget, current trading, available current cash and available debt facilities. The Directors have also considered stressed forecast cash flows of the business. As a result of the above considerations, the Directors consider that the Group has adequate resources in place for at least the next twelve months following the date of approval of the financial statements and have therefore adopted the going concern basis of accounting in preparing the financial statements.”

Group structure

1. CT AUTOMOTIVE GROUP PLC · parent
   1. CTI Automotive Group Limited 1% · UK
   2. CI Automotive CZ s.r.o. 1% · Czech Republic
   3. CT Automotive Interiors (Mexico) Private Limited 1% · Mexico
   4. CT Automotive Systems DE Mexico 1% · Mexico
   5. CT Automotive Group GmbH 1% · Germany
   6. Chinatoal Automotive Systems Limited 1% · China
   7. Chinatoal UK Limited 1% · UK
   8. Chinatoal Otomotiv Sanayi Tic. Limited Sirketi 1% · Turkey
   9. IMS Chinatoal JV, LLC 1% · USA
   10. Chinatoal Automotive Holding Company Limited 1% · Hong Kong
   11. Chinatoal Automotive Components Co. Ltd 1% · China

Significant events

• “On 23 November 2023, 10% shares in the subsidiary were sold to Simon Phillips, CEO and Scott McKenzie, COO resulting in a gain on disposal of $500,000.”
• “On 1 May 2024 the Group entered into a general service agreement with Aqua Watercraft Limited (Aqua), 100% wholly owned by Simon Phillips. Under the terms of the agreement Aqua provides general management services to the Group. The total amount recognised in the consolidated financial statements for the year ended 31 December 2024 was $200,000.”
• “On 1 May 2024 the Group entered into a loan agreement with Aquashape Limited (Aquashape), 100% wholly owned by Simon Phillips. Under the terms of the agreement Aquashape provided to the Group an unsecured loan of $500,000, repayable within 12 months at an interest rate of 12.4% per annum.”

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

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +11.1%

  £79,836,916 → £88,732,394

• Cash

  -58.3%

  £6,982,950 → £2,911,787

• Net assets

  -28.1%

  £31,527,057 → £22,662,713

• Employees

  +1%

  5,640 → 5,699

• Operating profit

  +74.5%

  £4,077,094 → £7,116,383

• Profit before tax

  +105.4%

  £2,742,772 → £5,633,803

• Wages

  +7.7%

  £19,607,116 → £21,111,193

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