CINCH CARS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. CINCH CARS LIMITED 2019-03-29 → present
2. MYAUTO LIMITED 2018-08-16 → 2019-03-29

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company meets its day to day working capital requirements through its cash reserves, inventory funding facilities and funding from other Group companies... The Company's parent, Constellation Retail Group Limited has confirmed its willingness to support the Company for at least twelve months from the date the balance sheet is signed... Accordingly, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.”

Group structure

1. CINCH CARS LIMITED · parent
   1. Cinch Ltd 1% · United Kingdom · Non-trading
   2. MyAuto Limited 1% · United Kingdom · Non-trading

Significant events

• “Prior to 24 November 2024 the Company was a subsidiary of Cinch Group Limited... On 24 November 2024 the Company entered into a subscription and capitalisation agreement with Cinch Group Limited, whereby Cinch Group Limited released the Company from obligations to pay existing group loans of £116.1 million in exchange for two ordinary shares issued by the Company at a premium.”
• “In August 2025 the Supreme Court issued its judgment regarding commissions earnt by motor retailers in the provision of vehicle finance... The FCA have subsequently released a statement advising that it will consult on an industry-wide scheme to compensate finance customers who were treated unfairly.”
• “On 15 January 2025 the Company entered into borrowing arrangements with its parent company, Constellation Retail Group Limited. These arrangements provided the Company with access to funding up to £92m. At 30 March 2025 drawings under these arrangements were £nil... The arrangements ceased on 2 April 2025.”
• “During the prior period the Company disposed of its 48% investment in Automotion Events Limited and Automotion Events Limited's wholly owned subsidiary The Motor Show Limited.”

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

Filings

12

last 12 months

Capital events

6

last 24 months

Officers appointed

0

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

  +8.9%

  £928,763,000 → £1,011,226,000

• Cash

  +95.4%

  £13,392,000 → £26,168,000

• Net assets

  +260.8%

  £11,455,000 → £41,327,000

• Employees

  +31.3%

  416 → 546

• Operating profit

  +25.9%

  -£119,618,000 → -£88,649,000

• Profit before tax

  +18.9%

  -£123,643,000 → -£100,292,000

• Wages

  +16.7%

  £23,046,000 → £26,906,000

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