CONTRACT VEHICLES RENTALS LIMITED

1. CONTRACT VEHICLES RENTALS LIMITED 2020-09-23 → present
2. HAMSARD 3577 LIMITED 2020-06-23 → 2020-09-23

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On this basis, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.”

Significant events

• “Statutory profit after tax for the period was £1,184k (2024: £829k). Operating profit before depreciation of tangible fixed assets, amortisation of acquired goodwill and intangible assets and exceptional items for the period was £1,531k (2024: £1,278k).”
• “The securitisation's revolving period to November 2026 within the EFP facility during the financial year and receiving the cash injection of £50,000k as a zero-coupon junior mezzanine note by Bridgepoint into the EFP facility.”
• “Since the balance sheet date, the Group has observed a further fall in the expected residual values of BEV's and has considered the impact on its forecasts. The Directors have concluded that the Group still has sufficient liquidity to continue as a going concern.”
• “Restatement of intercompany debtors, prepayments and accrued income, other creditors, reserves, turnover and cost of sales for the prior period due to writing off an aged balance relating to a previous period. This resulted in intercompany debtors balance reducing by £34k, other creditors increasing by £780k, profit and loss account reserves decreasing by £814k, turnover falling by £385k and cost of sales increasing by £429k.”

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

  -4%

  £41,150,000 → £39,500,000

• Cash

  -66.5%

  £8,430,000 → £2,821,000

• Net assets

  +8.6%

  £13,854,000 → £15,039,000

• Employees

  -8.3%

  36 → 33

• Operating profit

  +26.2%

  £975,000 → £1,230,000

• Profit before tax

  +26.2%

  £975,000 → £1,230,000

• Wages

  +14.4%

  £1,628,000 → £1,862,000

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