POLESTAR AUTOMOTIVE UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-17 (in 11mo)
Last made up 2026-04-03
Watchouts
Cash
£10M
+40% vs 2023
Net assets
£20M
+77.4% vs 2023
Employees
480
-9.4% vs 2023
Profit before tax
£7M
+36.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, attention is drawn to the Consolidated financial statements and annual report for Polestar Automotive Holding UK PLC, the ultimate parent for Polestar Automotive UK Limited, for the year ended 31 December 2024 which disclose that, at the date of approval of those financial statements, group management identified a material uncertainty that casts significant doubt on Polestar Group's ability to obtain sufficient financing to support its cash flow needs and ensure on-going compliance with its debt covenants.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £547,782,000 | £477,889,000 | |
| Operating profit | £10,048,000 | £20,486,000 | |
| Profit before tax | £5,462,000 | £7,460,000 | |
| Net profit | £3,051,000 | £8,627,000 | |
| Cash | £6,965,000 | £9,753,000 | |
| Total assets less current liabilities | £13,525,000 | £23,062,000 | |
| Net assets | £11,150,000 | £19,777,000 | |
| Equity | £11,150,000 | £19,777,000 | |
| Average employees | 530 | 480 | |
| Wages | £30,993,000 | £32,138,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.8% | 4.3% | |
| Net margin | 0.6% | 1.8% | |
| Return on capital employed | 74.3% | 88.8% | |
| Current ratio | 1.04x | 1.05x | |
| Interest cover | 2.17x | 1.44x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, attention is drawn to the Consolidated financial statements and annual report for Polestar Automotive Holding UK PLC, the ultimate parent for Polestar Automotive UK Limited, for the year ended 31 December 2024 which disclose that, at the date of approval of those financial statements, group management identified a material uncertainty that casts significant doubt on Polestar Group's ability to obtain sufficient financing to support its cash flow needs and ensure on-going compliance with its debt covenants.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FYFE, Alastair David | Secretary | 2024-07-01 | — | — |
| DICKEN, Scott Fraser | Director | 2026-05-01 | Apr 1972 | British |
| GALVIN, Matthew Keith Anthony | Director | 2024-07-01 | Jul 1979 | British |
| MALOCHET, Franck Robert Philippe | Director | 2026-04-01 | Aug 1971 | French |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOODMAN, Jonathan Richard Christopher | Secretary | 2020-09-10 | 2024-07-01 |
| PILKINGTON, Andrew Gordon | Secretary | 2019-04-04 | 2020-07-10 |
| ALKMARK, Jan Mikael | Director | 2021-08-16 | 2023-03-05 |
| ALLEN, Peter Martin | Director | 2020-09-10 | 2025-12-31 |
| BRANDSCHEID, Jörg | Director | 2023-04-24 | 2023-10-31 |
| COLLINS, Ian David | Director | 2020-05-18 | 2020-07-10 |
| GOODMAN, Jonathan Richard Christopher | Director | 2020-09-10 | 2024-07-01 |
| MÖSKO, Nils Holger | Director | 2019-04-04 | 2021-08-16 |
| PEHRSON, Hans Olof | Director | 2019-04-04 | 2023-05-10 |
| PILKINGTON, Andrew Gordon | Director | 2020-05-18 | 2020-07-10 |
| SJÖLANDER, Ola | Director | 2023-04-24 | 2026-02-28 |
| STIEGLER, Lutz | Director | 2024-05-16 | 2025-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Polestar Performance Ab | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-04-04 | Ceased 2019-04-04 |
| Mr Li Shufu | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-04-04 | Active |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-24 | AA | accounts | Accounts with accounts type full | |
| 2025-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-14 | AA | accounts | Accounts with accounts type full | |
| 2024-07-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-08 | AA | accounts | Accounts with accounts type full | |
| 2023-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-19 | CH01 | officers | Change person director company with change date | |
| 2023-05-18 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-12.8%
£547,782,000 £477,889,000
-
Cash
+40%
£6,965,000 £9,753,000
-
Net assets
+77.4%
£11,150,000 £19,777,000
-
Employees
-9.4%
530 480
-
Operating profit
+103.9%
£10,048,000 £20,486,000
-
Profit before tax
+36.6%
£5,462,000 £7,460,000
-
Wages
+3.7%
£30,993,000 £32,138,000
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