GLOBALDRIVE AUTO RECEIVABLES UK 2020-A PLC

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are of the opinion that the Company will continue as a going concern and that it is appropriate to prepare the financial statements on a going concern basis. The loss during the year is mainly because of the non-cash adjustments such as the change in the fair value of interest rate swap.”

Significant events

• “On 20 June 2024, the Company issued £14,077,432 Subordinated Loan. The entire proceeds of the Subordinated loan were used to fund the swap termination fee due to an amendment in the swap agreement. On the same day, the maturity date of the Class A Notes, Class B Notes and Class C Notes were extended from June 2031 to June 2032 and the Company opted to extend the revolving period from June 2024 to June 2025.”
• “On 20 June 2025, the scheduled extension of the revolving period had taken place. The Company opted to extend the revolving period from June 2025 to June 2026, with the final legal maturity date for the Notes being extended from June 2032 to June 2033.”
• “The UK currently faces economic uncertainty despite signs of recovery following inflationary pressures. Stabilising interest rates and gradual falls in inflation have supported a more favourable environment. However, this emerging stability is being offset by broader geopolitical risks, including the potential for trade disputes and disruptions for the automotive industry and global supply chains.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  0%

  £55,535,119 → £55,555,969

• Net assets

  -1,698.7%

  £1,033,416 → -£16,520,997

• Employees

  —

  Not reported

• Profit before tax

  +32.1%

  -£25,861,020 → -£17,554,100

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