SPORTS CARS (ENGLAND) HOLDINGS LIMITED

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

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Consequently, the directors believe that the group is well placed to manage its business risks successfully and have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. They have therefore concluded that there is no material uncertainty about the ability of the group to continue as a going concern and that it remains appropriate to continue to prepare the financial statements on a going concern basis.”

Group structure

1. SPORTS CARS (ENGLAND) HOLDINGS LIMITED · parent
   1. Morgan Motor Company Limited 100% · Develop, manufacture, and sell Morgan Motor vehicles, parts
   2. Morgan Works - Malvern Limited 100% · Servicing of Morgan Motor
   3. Sports Cars (England) 1 Limited 100% · Holding company
   4. Sports Cars (England) Acquisitions Limited 100% · Holding company

Significant events

• “In spring 2024, the new Plus Four was announced.”
• “The new Plus Four was shortly followed by the public announcement of Midsummer, a collaboration between the group and Pininfarina, celebrating more than two centuries of combined coach-building expertise.”
• “To build upon the foundation of special projects and further highlight Morgan's design versatility, the Super 3 Origins project was introduced.”
• “In autumn, attention turned to the runout of Plus Six, a model set to end production in early 2025 to make way for Supersport, Morgan's new flagship sports car.”
• “The fourth quarter also saw long-awaited regulatory approval granted, allowing Plus Four to officially go on sale in the United States.”
• “In October 2024, Matthew Hole assumed the role of Managing Director, having led the group's engineering and R&D functions since 2021.”
• “The group revised its Super 3 vehicle volume forecasts, which gave rise to an impairment charge for both stock holding and capitalised development costs.”
• “Supply chain disruption persisted throughout the year to varying extents.”

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

1

last 12 months

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

• Turnover

  -25.9%

  £48,996,271 → £36,321,883

• Cash

  -22.6%

  £8,415,079 → £6,509,676

• Net assets

  -42%

  -£60,276,514 → -£85,585,297

• Employees

  -10.9%

  230 → 205

• Operating profit

  +26.3%

  -£12,993,404 → -£9,578,599

• Profit before tax

  +2.1%

  -£25,583,089 → -£25,058,466

• Wages

  -4.4%

  £8,922,244 → £8,525,794

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