STEPGRADES MOTOR ACCESSORIES LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-28
Confirmation statement due
2026-09-22 (in 4mo)
Last made up 2025-09-08
Watchouts
Cash
£31K
-92.8% vs 2024
Net assets
-£3M
-48.6% vs 2024
Employees
6
-96.8% vs 2024
Profit before tax
-£1M
+93.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Company ceased trading on 22nd March 2024 and accordingly the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. On this basis, the Directors have prepared the financial statements on a basis other than going concern.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-28
| Metric | Trend | 2024-03-29 | 2025-03-28 |
|---|---|---|---|
| Turnover | £32,467,000 | £6,075,000 | |
| Operating profit | -£14,640,000 | -£1,013,000 | |
| Profit before tax | -£14,677,000 | -£1,010,000 | |
| Net profit | -£14,677,000 | -£1,010,000 | |
| Cash | £429,000 | £31,000 | |
| Total assets less current liabilities | £1,473,000 | £270,000 | |
| Net assets | -£2,080,000 | -£3,090,000 | |
| Equity | -£2,080,000 | -£3,090,000 | |
| Average employees | 185 | 6 | |
| Wages | £4,864,000 | £299,000 |
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 | 2024-03-29 | 2025-03-28 |
|---|---|---|---|
| Operating margin | -45.1% | -16.7% | |
| Net margin | -45.2% | -16.6% | |
| Return on capital employed | -993.9% | -375.2% | |
| Gearing (liabilities / total assets) | 109.6% | 125.5% | |
| Current ratio | 1.34x | 1.22x | |
| Interest cover | -395.68x | -506.50x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Company ceased trading on 22nd March 2024 and accordingly the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. On this basis, the Directors have prepared the financial statements on a basis other than going concern.”
Significant events
- “On 25 January 2024 Halfords Group plc announced its intention to enter into a strategic partnership with specialist tyre distributor R & R C Bond (Holdings) Limited ("Bond International") and to close its existing tyre distribution operations, including this Company.”
- “As a consequence, on 22nd February 2024, the Company sold its wholesale customers to Bond International, generating a gain on sale of £1,294,000 recognised within non-underlying items in the prior period. The remaining principal operations of the Company ceased on 22nd March 2024.”
- “On 15 April 2025, it was announced that Graham Stapleton had stepped down as Chief Executive Officer of Halfords Group plc with immediate effect and that Henry Birch had been appointed as his replacement, this has no impact on the financial statements for the period ended 28 March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| O'GORMAN, Timothy Joseph Gerard | Secretary | 2021-12-09 | — | — |
| BIRCH, Henry Benedict | Director | 2025-10-07 | Feb 1969 | British |
| HARTLEY, Johanna Ruth | Director | 2022-10-04 | Mar 1975 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARLISLE, Christopher Arthur | Secretary | 1998-08-31 | 1999-07-31 |
| GILCHRIST, Kerr | Secretary | 1999-08-01 | 1999-10-15 |
| HANCOCK, Graham Wallace | Secretary | 1998-01-30 | 1998-08-19 |
| HANCOCK, Graham Wallace | Secretary | — | 1990-10-03 |
| KEMP, John | Secretary | 2000-02-18 | 2007-10-20 |
| MUIR, James Michael | Secretary | 1991-05-15 | 1992-04-03 |
| RAEBURN, Peter William | Secretary | 1990-05-08 | 1991-05-15 |
| ROCHFORD, Michael Brendan | Secretary | 1992-04-03 | 1998-01-30 |
| TAYLOR, John Alexander | Secretary | 2007-11-09 | 2021-12-09 |
| ARCHIBALD, Kenneth Gordon | Director | — | 1994-01-28 |
| BINDER, Rainer Gerrit | Director | 1998-03-25 | 2000-09-30 |
| BRANDT, Hans-Joachim | Director | 1998-01-30 | 1998-03-25 |
| CALDWELL, John Irvine | Director | 1998-03-30 | 2021-12-09 |
| FLEMING, Euphemia Sandra | Director | — | 1992-08-31 |
| FLEMING, William | Director | — | 1992-08-31 |
| KEMP, John | Director | 2000-04-07 | 2007-10-20 |
| RANDALL, Andrew John | Director | 2021-12-09 | 2022-10-07 |
| REVIE, Alan Livingstone | Director | 1994-01-28 | 2021-12-09 |
| ROCHFORD, Michael Brendan | Director | 1992-04-03 | 1998-01-30 |
| ROOKE, Graham Ingram | Director | 2000-05-02 | 2001-03-08 |
| STAPLETON, Graham Barry | Director | 2021-12-09 | 2025-04-16 |
| TAYLOR, John Alexander | Director | 2002-01-04 | 2021-12-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Axle Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-07 | AA | accounts | Accounts with accounts type full | |
| 2025-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-24 | AA | accounts | Accounts with accounts type full | |
| 2024-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-27 | AA | accounts | Accounts with accounts type full | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-14 | AA | accounts | Accounts with accounts type full | |
| 2022-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-30 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2021-12-23 | AA01 | accounts | Change account reference date company current extended | |
| 2021-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-17 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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
FY2024 → FY2025 · period ending 2025-03-28 vs 2024-03-29
-
Turnover
-81.3%
£32,467,000 £6,075,000
-
Cash
-92.8%
£429,000 £31,000
-
Net assets
-48.6%
-£2,080,000 -£3,090,000
-
Employees
-96.8%
185 6
-
Operating profit
+93.1%
-£14,640,000 -£1,013,000
-
Profit before tax
+93.1%
-£14,677,000 -£1,010,000
-
Wages
-93.9%
£4,864,000 £299,000
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