GENESIS MOTOR UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-07 (in 5mo)
Last made up 2025-09-23
Watchouts
None on the register
Cash
£4M
-43.5% vs 2023
Net assets
-£56M
-21.9% vs 2023
Employees
6
-91.9% vs 2023
Profit before tax
-£10M
+52.8% vs 2023
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 | £59,461,928 | £24,807,517 | |
| Operating profit | -£17,739,401 | -£5,919,260 | |
| Profit before tax | -£21,352,281 | -£10,067,602 | |
| Net profit | -£15,320,652 | -£10,067,602 | |
| Cash | £7,859,802 | £4,440,844 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£46,055,293 | -£56,122,895 | |
| Equity | -£46,055,293 | -£56,122,895 | |
| Average employees | 74 | 6 | |
| Wages | £4,028,649 | £697,765 |
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 | -29.8% | -23.9% | |
| Net margin | -25.8% | -40.6% | |
| Gearing (liabilities / total assets) | 158.5% | 159.6% | |
| Current ratio | 0.41x | 0.57x | |
| Interest cover | -4.91x | -1.43x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the assumption that the entity is a going concern. At the balance sheet date, the entity reported net liabilities of £56,122,996 (2023: £46,055,293). The company is funded by a commercial facility from Genesis Motor Europe GmbH, under which £32.4m was drawn in the year. As at 31 December 2024 the outstanding loan owed to parent company, including accrued interest, amounted to £119,503,951, with a maximum capital drawdown of £120,000,000. On 20 May 2025, Genesis Motor Europe GmbH extended the loan maturity date to 31 December 2026. The company continues to make repayments against this commercial facility, having repaid £25.5m in the first 8 months of 2025. The company has received a letter of ongoing support from its parent company Genesis Motor Europe GmbH. This support extends for a period beyond 12 months from the approval of these financial statements. The directors have performed a going concern assessment which indicates that, in both the base and reasonably possible downsides, the company will have sufficient funds to meet its liabilities as they fall due during, the going concern assessment period.”
Significant events
- “In 2024, Hyundai Motor Corporation restructured its UK Genesis business. On 1 February 2024, exclusive distribution rights, inventory, property leases, and employees were transferred from Genesis Motor UK Limited (GMUK) to Hyundai Motor UK Limited (HMUK). This decision was reversed on 1 December 2024, with assets and rights transferring back to GMUK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDREW, Ashley Ward | Director | 2023-10-03 | Jul 1971 | British |
| GO, Daewon | Director | 2024-12-01 | Feb 1986 | South Korean |
| SHIN, Minchul | Director | 2023-04-01 | May 1977 | South Korean |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FITZGERALD, Manfred | Director | 2019-09-24 | 2019-12-18 |
| HAMILTON, Lawrence Heslin | Director | 2023-04-01 | 2024-08-21 |
| JUNG, Jongmin | Director | 2019-12-18 | 2023-08-17 |
| KIM, Bumsuk | Director | 2023-10-03 | 2024-12-01 |
| LISTER, Ewart | Director | 2023-04-01 | 2024-01-31 |
| PARK, Kyungchan | Director | 2019-12-18 | 2021-01-31 |
| PILKINGTON, Andrew Gordon | Director | 2020-08-19 | 2023-10-03 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 32 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-04 | AA | accounts | Accounts with accounts type full | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-19 | AA | accounts | Accounts with accounts type full | |
| 2024-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-17 | AA | accounts | Accounts with accounts type full | |
| 2023-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-01 | CH01 | officers | Change person director company with change date | |
| 2023-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-58.3%
£59,461,928 £24,807,517
-
Cash
-43.5%
£7,859,802 £4,440,844
-
Net assets
-21.9%
-£46,055,293 -£56,122,895
-
Employees
-91.9%
74 6
-
Operating profit
+66.6%
-£17,739,401 -£5,919,260
-
Profit before tax
+52.8%
-£21,352,281 -£10,067,602
-
Wages
-82.7%
£4,028,649 £697,765
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