WESTERN AUTOMOBILE COMPANY LIMITED

1. WESTERN AUTOMOBILE COMPANY LIMITED 1994-03-21 → present
2. CROWNBAY LIMITED 1994-02-08 → 1994-03-21

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

Anderson Anderson & Brown Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate, considering severe but plausible downsides, including the potential impact of inflation and increased interest rates. The company will have sufficient funds through its existing facilities to meet its liabilities as they fall due for that period. The group monitor cashflow on a weekly basis and are confident that there is sufficient headroom within the agreed bank facilities to ensure that liabilities can be settled when due for the foreseeable future. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “Turnover dropped by 3% in 2024. Mercedes Benz cars moved to an agency model in 2023, however New Vehicle Volumes in total increased by 53% for the period.”
• “Finance and insurance income, recorded within 'Other Operating Income' suffered from significant headwinds in 2024. The FCA demanded a national, wholesale review of the retailing of insurance products to ensure all products aligned with the latest regulatory requirements & consumer duty standards. This resulted in products being removed from the marketplace in February 2024. Some products were removed from the market permanently whilst other products re-entered or entered the market in April 2024. This hiatus produced an immediate and lasting impact on insurance income. The reduction in income from this hiatus, singularly accounts for the entire drop in Profit for the financial year.”

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

Filings

4

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

  -2.8%

  £182,802,000 → £177,636,000

• Cash

  +98.2%

  £9,315,000 → £18,458,000

• Net assets

  +5.3%

  £29,436,000 → £30,982,000

• Employees

  -6.6%

  439 → 410

• Operating profit

  -3.9%

  £4,595,000 → £4,414,000

• Profit before tax

  -14.4%

  £3,718,000 → £3,181,000

• Wages

  -1.2%

  £16,352,000 → £16,159,000

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