HAWCO & SONS LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Director's 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. The business remains profitable and has an improved net current assets position of £659k. The business has vehicle stock funding facilities with Volkswagen bank and an overdraft facility with Bank of Scotland used for funding peak cash flow requirements. Based on current cash flow projections the business has sufficient head room on our funding facilities to meet our cash flow requirements for the foreseeable future. In view of the above the Directors have produced the accounts on a going concern basis.”

Significant events

• “During 2024 18,750 additional shares were issued to Directors whom exercised EMI shares options at a total price of £121,875.”
• “The UK government introducing the Zero Emissions Vehicle (ZEV) Mandate was an added complexity in 2024. This required a minimum of 22% of all manufacturers' car sales and 10% of van sales to be battery electric vehicles (BEV), with fines of up to £15,000 for each vehicle short of the BEV target.”
• “The used vehicle market remained buoyant in 2024, our used sales increased by 7.8% due to improved supply. Improvements made to stock management and trade disposal processes improved overall profitability of the used vehicle departments offsetting significant increases in depreciation on used BEV stock.”
• “Recruitment and retention of qualified technicians remained challenging in 2024. There is a significant shortage of skilled technical staff within the local market, which again prevented recruitment of sufficient technicians to meet our Aftersales performance ambitions.”
• “Capital expenditure in 2024 amounted to £202K which included plant and equipment for the new VWG approved clever repair facility, diagnostic equipment upgrades, and renewals of various items of plant.”
• “In August 2025 the Supreme Court ruled that hidden commission from lenders to dealers on car loans was not unlawful by default. The court was unambiguous in its decision that claims will be assessed on their specific facts and can only succeed in limited circumstances, e.g. where commission was excessive or there are other factors indicating unfairness.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +17.3%

  £88,987,682 → £104,408,294

• Cash

  —

  Not reported

• Net assets

  +3.3%

  £3,922,499 → £4,050,007

• Employees

  -2%

  200 → 196

• Operating profit

  +8.4%

  £942,064 → £1,021,265

• Profit before tax

  -76.2%

  £144,502 → £34,321

• Wages

  +14.3%

  £6,482,004 → £7,408,028

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