IAA UK AUCTIONS LIMITED

1. IAA UK AUCTIONS LIMITED 2025-08-12 → present
2. SYNETIQ LIMITED 2019-01-16 → 2025-08-12

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared cash flow forecasts for a period of 12 months from the date of the financial statements in order to assess going concern which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds, through its operating activities and in downside cases funding from ultimate parent company, RB Global, to meet its liabilities as they fall due during 12 month period ending 30 November 2026, the going concern assessment period. RB Global has indicated its intention to continue to make available such funds as are needed by the company during the going concern assessment period and has indicated that it does not intend to seek repayment of the amounts provided by the group, which at 31 December 2024 amounted to £38.7m, during the going concern assessment period, unless and until the company is able to settle all of its liabilities as they fall due.”

Group structure

1. IAA UK AUCTIONS LIMITED · parent
   1. Motorman Limited 1% · Doncaster DN6 7BD · Dormant
   2. Gilbert Mitchell Limited 1% · Doncaster DN6 7BD · Dormant
   3. Gilbert Mitchell Holdings Limited 1% · Doncaster DN6 7BD · Dormant

Significant events

• “On 21 April 2025, IAA UK Auctions Limited sold the trade and assets of the dismantling element of the business to GPB123 Limited, a 100% owned subsidiary of IAA UK Auctions Limited. Assets with a carrying value of £ 17,303,255 were sold in exchange for shares of the same value.”
• “On 21 June 2025, 60% of the shareholdings was sold to LKQ Europe GmbH, a subsidiary of LKQ Corporation (Nasdaq: LKQ). The consideration receivable for the shares disposed of comprises cash of £7.8m payable in 3 annual instalments starting on the 3rd anniversary of the transaction. An option exists for LKQ to purchase the remaining 40% of the share capital, and if this is not exercised, the company has an option to repurchase the disposed of 60%.”

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

Filings

8

last 12 months

Capital events

2

last 24 months

Officers appointed

1

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

  -17.8%

  £153,240,000 → £125,912,000

• Cash

  -18.3%

  £3,208,000 → £2,621,000

• Net assets

  +358.1%

  -£2,398,000 → £6,189,000

• Employees

  -7.1%

  748 → 695

• Operating profit

  0%

  -£8,722,000 → -£8,721,000

• Profit before tax

  -16.3%

  -£8,268,000 → -£9,614,000

• Wages

  -9.9%

  £22,898,000 → £20,621,000

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