CONTRACT VEHICLES FLEET SERVICES LIMITED

1. CONTRACT VEHICLES FLEET SERVICES LIMITED 2020-09-23 → present
2. HAMSARD 3578 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. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the year the Company ceased operating from the three leasehold English workshops that were loss-making and exited the sites. The freehold workshop in Glasgow was not impacted by the proposals and remains profitable and integral to the ongoing operations of the Company. The results of these activities are shown as Discontinued Operations in the Statement of Comprehensive Income.”
• “The Exceptional items relate to the restructure of the business completed in June 2024 and resulting in the closure of the three leasehold English workshops.”

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

  -8.3%

  £52,673,000 → £48,286,000

• Cash

  -7.7%

  £2,699,000 → £2,490,000

• Net assets

  -46.3%

  -£6,387,000 → -£9,345,000

• Employees

  -20.4%

  284 → 226

• Operating profit

  +112.1%

  -£2,883,000 → £350,000

• Profit before tax

  +38%

  -£4,782,000 → -£2,964,000

• Wages

  -4%

  £14,348,000 → £13,770,000

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